Canadian Agricultural Loans Act (R.S.C., 1985, c. 25 (3rd Supp.))

Act current to 2012-05-02 and last amended on 2009-06-18. Previous Versions

Marginal note:Repossession and disposal of securities

20. The Minister may enter into an agreement on such terms and conditions as the Minister may deem advisable with a lender or with any person engaged in the manufacture or distribution of tools, implements, apparatus, machinery or machines, whether or not of a kind that is usually affixed to real property, or of any supplies or materials that may be utilized in the making of any improvements to a farm or farm products marketing cooperative pursuant to a loan, or with both any such lender and any such person, to provide for the repossession or disposal of any property on which security is taken by the lender for the repayment of a loan.

Marginal note:Payments out of C.R.F.

21. Any amount payable by the Minister to a lender under this Act and any amount necessary to meet the expenses incurred in the administration of this Act may be paid out of the Consolidated Revenue Fund.

Marginal note:Annual report

22. The Minister shall, not later than June 30 in each year, prepare a report with respect to the administration of this Act during the fiscal year that ended on the preceding March 31 and shall cause a copy of the report to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day the Minister completes it.

  • R.S., 1985, c. 25 (3rd Supp.), s. 22;
  • 2009, c. 15, s. 12.
Previous Version
Marginal note:Five-year review

  • 22.1 (1) Every five years after the coming into force of this subsection, the Minister shall review the provisions and administration of this Act in consultation with the Minister of Finance.

  • Marginal note:Tabling of report

    (2) The Minister shall cause a copy of the report on the review to be laid before each House of Parliament on any of the first 30 days on which that House is sitting after the report is completed.

  • 2009, c. 15, s. 12.

RELATED AMENDMENTS

23. to 25. [Amendments]

CONSEQUENTIAL AMENDMENTS

26. to 32. [Amendments]

COMING INTO FORCE

Marginal note:Coming into force

  • Footnote *33. (1) This Act, other than sections 1 and 22 to 25, shall come into force on a day to be fixed by proclamation.

    • Return to footnote *[Note: Act, other than sections 1 and 22 to 25, in force February 1, 1988, see SI/88-31.]

  • Marginal note:Idem

    (2) Sections 1 and 22 to 25 shall come into force or be deemed to have come into force on July 1, 1987.