Canada Small Business Financing Regulations (SOR/99-141)
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Regulations are current to 2024-06-19 and last amended on 2024-04-12. Previous Versions
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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