Canadian Agricultural Loans Act
Version of section 10 from 2002-12-31 to 2009-06-17:
Marginal note:Limit re loans over $100,000
10 The Minister is not liable under this Act to make any payment to a lender in respect of loss sustained by it as a result of a loan made to a farmer where, at the time of the making of the loan, the proportion that
(a) the aggregate of all of the lender’s outstanding loans to farmers, the principal amount of which exceeds one hundred thousand dollars
is of
(b) the aggregate of the principal of all its outstanding loans to farmers
exceeds the prescribed proportion.
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