Farm Credit Canada Act (S.C. 1993, c. 14)

Act current to 2014-11-11 and last amended on 2006-12-12. Previous Versions

Farm Credit Canada Act

S.C. 1993, c. 14

Assented to 1993-04-02

An Act respecting Farm Credit Canada

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

SHORT TITLE

Marginal note:Short title

 This Act may be cited as the Farm Credit Canada Act.

  • 1993, c. 14, s. 1;
  • 2001, c. 22, s. 2.

INTERPRETATION

Marginal note:Definitions

 In this Act,

“Board”

« conseil »

“Board” means the Board of Directors of the Corporation;

“business related to farming”

« entreprise liée à l’agriculture »

“business related to farming” means a business that primarily produces, transports, stores, distributes, supplies, processes or adds value to inputs to or outputs from farming operations;

“Chairperson”

Version anglaise seulement

“Chairperson” means the Chairperson of the Board appointed under subsection 7(1);

“Corporation”

« Société »

“Corporation” means Farm Credit Canada continued by subsection 3(1);

“director”

Version anglaise seulement

“director” means a member of the Board;

“farming”

« agriculture »

“farming” includes livestock raising, bee-keeping, dairying, fruit growing, tillage of the soil and any other husbandry activity that the Corporation determines, under subsection 4(3), to be farming for the purposes of this definition;

“President”

Version anglaise seulement

“President” means the President of the Corporation appointed under subsection 7(1);

“subsidiary”

« filiale »

“subsidiary” has the same meaning as in subsection 83(6) of the Financial Administration Act.

  • 1993, c. 14, s. 2;
  • 2001, c. 22, s. 3.

CORPORATION CONTINUED

Marginal note:Corporation continued
  •  (1) The Farm Credit Corporation, established by section 3 of the Farm Credit Act, is continued as a body corporate under the name Farm Credit Canada.

  • Marginal note:Head office

    (2) The head office of the Corporation shall be at Regina or at such other place in Canada as the Governor in Council may, by order, determine.

  • Marginal note:Agent of Her Majesty

    (3) The Corporation is an agent of Her Majesty in right of Canada.

  • 1993, c. 14, s. 3;
  • 2001, c. 22, s. 4.