Prairie Grain Advance Payments Act

Marginal note:Default

• 17. (1) For the purposes of this Act, a recipient shall be deemed to be in default if the recipient’s undertaking has not been discharged

  • (a) within twenty days after the date on which the Board mails or delivers or causes to be mailed or delivered a written notice to the recipient stating that, in the opinion of the Board, the recipient has had adequate opportunity to discharge that undertaking or has, otherwise than by delivery to the Board, disposed of all or part of the grain in respect of which the advance was made, and requesting the recipient to discharge that undertaking by delivery of grain to the Board or otherwise;

  • (b) before September 15 in the new crop year immediately following the crop year in which the advance payment was made, and the recipient has not applied for a permit book for the new crop year in substitution for the permit book specified in the application for that payment;

  • (c) before December 31 in the new crop year immediately following the crop year in which the advance payment was made, or such later date as the Board may authorize in special cases; or

  • (d) on the day on which an assignment is filed under the Bankruptcy and Insolvency Act by, or a receiving order under that Act is made against, the recipient.

• Marginal note:Waiver of default

  (2) The Board may, for any sufficient cause, waive any default, on such terms as it may specify.