Acts and Regulations

C-38.1 - Crown Lands and Forests Act

Section 24.1
Disposition versions

Full text
Pledging of lease as security
24.1(1)A lessee shall not pledge a lease as security for a debt except with the written consent of the Minister, and any pledge of the lease without the consent of the Minister is void.
24.1(2)A lessee may only pledge his or her lease as security for a debt if the debt is incurred for a purpose that relates to the permitted and approved use of the lands under the lease.
24.1(3)The Minister may enter into a non-disturbance agreement with a lessee and any person who accepts the pledge of a lease as security for a debt.
2007, c.11, s.2
Pledging of lease as security
24.1(1)A lessee shall not pledge a lease as security for a debt except with the written consent of the Minister, and any pledge of the lease without the consent of the Minister is void.
24.1(2)A lessee may only pledge his or her lease as security for a debt if the debt is incurred for a purpose that relates to the permitted and approved use of the lands under the lease.
24.1(3)The Minister may enter into a non-disturbance agreement with a lessee and any person who accepts the pledge of a lease as security for a debt.
2007, c.11, s.2