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M-36 - Act to promote the development of agricultural operations
Section 11
Disposition versions
11. An agricultural operations corporation, an agricultural operations cooperative or an agricultural operations partnership may also benefit by the grant provided for in section 7, on the same conditions as a farmer, except that the maximum grant in that case may amount to a sum equal to the product of $4 000 multiplied by the number of farm operators who each own 20% or more of the issued shares of each class, in the case of an agricultural operations corporation, by the number of shareholder-producers or of members, as the case may be, who each own 20% or more of the issued ordinary share or of the common shares, in the case of an agricultural operations cooperative, or by the number of partners among whom the interest of each in the partnership represents, in the opinion of the Bureau, not less than 20% of the aggregate of the interests in such partnership, in the case of an agricultural operations partnership.
11. An agricultural operations corporation, an agricultural operations cooperative or an agricultural operations partnership may also benefit by the grant provided for in section 7, on the same conditions as a farmer, except that the maximum grant in that case may amount to a sum equal to the product of two thousand dollars multiplied by the number of farm operators who each own twenty per cent or more of the issued shares of each class, in a case of a corporation, by the number of shareholder-producers or of members, as the case may be, who each own twenty per cent or more of the issued ordinary shares or of the common shares, in the case of an agricultural operations cooperative, or by the number of partners among whom the interest of each in the partnership represents, in the opinion of the Bureau, not less than twenty per cent of the aggregate of the interests in such partnership, in the case of an agricultural operations partnership.
