Canada Small Business Financing Regulations
Version of section 15 from 2009-04-01 to 2023-05-17:
15 Primary security must 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 a loan is made that is of equal or greater value at the time of replacement.
- SOR/2009-102, s. 14
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