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C-78 - Forestry Credit Act

Section 20
Disposition versions

Full text
20. Property purchased with proceeds of a loan obtained for one of the purposes mentioned in paragraphs 2 and 3 of section 14 shall be charged with a movable hypothec.
Furthermore, in the cases prescribed by regulation, the borrower must furnish the lender any guarantees required therein.
1975, c. 33, s. 20; 1992, c. 57, s. 535.
20. Property purchased with proceeds of a loan obtained for one of the purposes mentioned in paragraphs 2 and 3 of section 14 must be pledged in accordance with articles 1979a and following of the Civil Code.
Furthermore, in the cases prescribed by regulation, the borrower must furnish the lender any guarantees required therein.
1975, c. 33, s. 20.
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