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C-78 - Forestry Credit Act
Section 46.1
Disposition versions
46.1. The agency may guarantee execution of the obligations arising from the borrowings contemplated in section 46 by a hypothec on all or some loans granted under sections 2 and 3.
The agency may, with the written consent of the lender given at the time the borrowing was done or subsequently, substitute for any claim thus hypothecated any other claim arising from a loan granted under sections 2 and 3.
46.1. The Bureau may guarantee execution of the obligations arising from the borrowings contemplated in section 46 by a hypothec on all or some loans granted under sections 2 and 3.
The Bureau may, with the written consent of the lender given at the time the borrowing was done or subsequently, substitute for any claim thus hypothecated any other claim arising from a loan granted under sections 2 and 3.
46.1. The Bureau may guarantee execution of the obligations arising from the borrowings contemplated in section 46 by the transfer of the whole or a part of the debts owing to it on loans granted under sections 2 and 3.
The Bureau may, with the written consent of the lender given at the time the borrowing was done or subsequently, substitute for any debt thus transferred any other debt arising from a loan granted under sections 2 and 3.
