Government of Canada / Gouvernement du Canada
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Canada Small Business Financing Regulations

Version of section 15 from 2006-03-22 to 2009-03-31:

 Primary security may not be replaced by a different type of security, but an asset that is the object of a primary security may be substituted at any time for another asset of the small business in respect of which the loan is made that is of equal or greater value.

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