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C-78 - Forestry Credit Act

Section 13
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13. A bank or a credit union may grant any borrower, for the purposes mentioned in section 14, a loan which must never exceed $25,000 in the case of a forest owner or of a permit holder or manager who is a natural person, nor $100,000 in the case of an association or of a permit holder or manager which is a legal person.
1975, c. 33, s. 13; 1999, c. 40, s. 97.
13. A bank or a credit union may grant any borrower, for the purposes mentioned in section 14, a loan which must never exceed $25 000 in the case of a forest owner or of a permit holder or manager who is a physical person, nor $100 000 in the case of an association or of a permit holder or manager which is a moral person.
1975, c. 33, s. 13.
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