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Canadian Agricultural Loans Regulations

Version of section 15 from 2006-03-22 to 2014-02-27:

 A lender shall take security for the repayment of a loan in one or more of the following forms, as appropriate:

  • (a) under section 427 of the Bank Act;

  • (b) by way of registering security in accordance with the applicable personal or movable property legislation in the province;

  • (c) by commercial pledge;

  • (d) by way of mortgage or hypothec on real or immovable property; or

  • (e) by way of an assignment of any rights or interest of the borrower under an agreement for sale.

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