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Canadian Agricultural Loans Regulations

Version of section 15 from 2014-02-28 to 2024-04-01:

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

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

  • (b) security registered in accordance with the applicable personal or movable property legislation in the province;

  • (c) a pledge, hypothecation or movable hypothec;

  • (d) a mortgage or hypothec on real or immovable property; or

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

  • SOR/2014-39, s. 10

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