1In this Act
“borrower” means a farmer to whom a farm machinery loan has been made;(emprunteur)
“designated period” means a period as prescribed by regulation;(période déterminée)
“farm” means land in New Brunswick used for the purpose of farming;(exploitation agricole)
“farmer” means a person who is in possession of a farm; upon which he is engaged in farming;(agriculteur)
“farming” includes livestock and poultry raising, dairying, beekeeping, fruit growing, vegetable growing, grain growing, maple syrup producing and all tillage of the soil;(agriculture)
“farm machinery” means equipment, machinery, apparatus, appliances, electrical or otherwise, prescribed by regulation for use on or in connection with a farm;(matériel agricole)
“farm machinery loan” means a loan made by a lender to a farmer for the purpose of financing the purchase of farm machinery;(prêt pour achat de matériel agricole)
“lender” means a bank to which the Bank Act, as enacted by section 2 of the Banks and Banking Law Revision Act, 1980, chapter 40 of the Statutes of Canada, 1980-81-82-83, applies or a credit union to which the Credit Unions Act applies;(prêteur)
“Minister” means the Minister of Agriculture, Aquaculture and Fisheries and includes any person designated by the Minister to act on the Minister’s behalf.(Ministre)
1973, c.7, s.1; 1974, c.14 (Supp.), s.1; 1982, c.25, s.1; 1985, c.4, s.25; 1986, c.8, s.45; 1996, c.25, s.14; 2000, c.26, s.125; 2009, c.36, s.4; 2010, c.31, s.43