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Canadian Agricultural Loans Act

Version of section 10 from 2002-12-31 to 2009-06-17:


Marginal note:Limit re loans over $100,000

 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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