Canadian Agricultural Loans Act (R.S.C., 1985, c. 25 (3rd Supp.))
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Act current to 2012-05-02 and last amended on 2009-06-18. Previous Versions
Canadian Agricultural Loans Act
R.S.C., 1985, c. 25 (3rd Supp.)
An Act to increase the availability of loans for the purpose of the establishment, improvement and development of farms and the processing, distribution or marketing of the products of farming by cooperative associations
SHORT TITLE
Marginal note:Short title
1. This Act may be cited as the Canadian Agricultural Loans Act.
- R.S., 1985, c. 25 (3rd Supp.), s. 1;
- 2009, c. 15, s. 2.
INTERPRETATION
Marginal note:Definitions
2. In this Act,
“farmer”
« agriculteur »
“farmer” means any individual, partnership, corporation or cooperative association that is or intends to be engaged in farming in Canada;
“farming”
« agriculture »
“farming” means the production of field-grown crops, cultivated and uncultivated, and horticultural crops, the raising of livestock, poultry and fur-bearing animals, the production of eggs, milk, honey, maple syrup, tobacco, fibre, wood from woodlots and fodder crops and the production or raising of any other prescribed thing or animal;
“farm products marketing cooperative”
« coopérative de commercialisation des produits agricoles »
“farm products marketing cooperative” means a cooperative association, incorporated under the laws of Canada or a province for the purpose of processing, distributing or marketing on a cooperative basis the products of farming, with a majority of 50 per cent plus one of members or shareholders that are farmers;
“lender”
« prêteur »
“lender” means
(a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act,
(b) a credit union, caisse populaire or other cooperative credit society that is designated by the Minister on the application of that society as a lender for the purposes of this Act,
(c) a company within the meaning of the Trust and Loan Companies Act, or a company, society or provincial company within the meaning of the Insurance Companies Act, that is designated by the Minister on the application of that company, society or provincial company as a lender for the purposes of this Act,
(d) a Province of Alberta Treasury Branch established pursuant to the Treasury Branches Act, chapter T-7 of the Revised Statutes of Alberta 1980, or
(e) any other organization that is designated by the Minister, with the approval of the Minister of Finance, on the application of that organization as a lender for the purposes of this Act;
“loan”
« prêt »
“loan” means a loan in respect of which this Act applies by virtue of section 3;
“Minister”
« ministre »
“Minister” means the Minister of Agriculture and Agri-Food;
“prescribed”
Version anglaise seulement“prescribed” means prescribed by regulation.
- R.S., 1985, c. 25 (3rd Supp.), s. 2;
- 1991, c. 47, s. 727;
- 1994, c. 38, s. 25;
- 1999, c. 28, s. 162;
- 2009, c. 15, s. 3.