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Canadian Agricultural Loans Act

Version of section 7 from 2002-12-31 to 2009-06-17:


Marginal note:Aggregate limit

 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 by it during a fiscal year after the aggregate principal amount of the loans under this Act and of the guaranteed farm improvement loans under the Farm Improvement Loans Act made during that fiscal year and the four preceding fiscal years by all lenders exceeds three billion dollars.

  • R.S., 1985, c. 25 (3rd Supp.), s. 7
  • 1995, c. 13, s. 1

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