M-36 - Act to promote the development of agricultural operations

Section 12 Disposition versions

1986-06-19

12. Any person who, as a farm operator, causes or has already caused an agricultural operations corporation, an agricultural operations cooperative or an agricultural operations partnership to be the recipient of all or part of a grant under section 2, 5 or 7 is considered to have personally benefited by the maximum grant for the purposes of the second paragraph and of section 21.

To fix the maximum grant to be made under sections 2, 5 and 7 to an agricultural operations corporation, an agricultural operations cooperative or an agricultural operations partnership under this Act, the Bureau must deduct the amount of any grant already obtained by each farm operator who, among the shareholders of such corporation, the shareholder-producers or the members, as the case may be, of such cooperative or the partners in such partnership, fulfills the conditions provided in section 10 or 11 to render such corporation, cooperative or partnership eligible for the grants contemplated in those sections.

1969, c. 44, s. 12; 1972, c. 34, s. 4; 1975, c. 38, s. 8; 1986, c. 54, s. 4.

1977-12-31

12. A farmer who is a shareholder of an agricultural operations corporation, is a shareholder-producer or a member, as the case may be, of an agricultural operations cooperative, or is a partner in an agricultural operations partnership which has already obtained a grant under this act, or was a shareholder of such a corporation, a shareholder-producer or a member, as the case may be, of such a cooperative or a partner in such a partnership at the time when such a grant was made, is considered to have personally benefited by the maximum grant for the purposes of the following paragraph and section 21.

To fix the maximum grant to be made to an agricultural operations corporation, an agricultural operations cooperative or an agricultural operations partnership under this act, the Bureau must deduct the amount of any grant already obtained by each farm operator who, among the shareholders of such corporation, the shareholder-producers or the members, as the case may be, of such cooperative or the partners in such partnership, fulfills the conditions provided in section 10 or 11 to render such corporation, cooperative or partnership eligible for the grants contemplated in those sections.

1969, c. 44, s. 12; 1972, c. 34, s. 4; 1975, c. 38, s. 8.