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

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Act current to 2013-04-29 and last amended on 2006-12-12. Previous Versions

Farm Credit Canada Act

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:

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

2. 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.

3. (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.