Crop Payments Act (RSA 2000, c. C-33).
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LEX-FAOC095490
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The present Act provides protection for both parties under a lease or agreement for sale for land where payment is made with the crops grown on said land. In particular, the Act operates when, pursuant to a lease, sale, or first mortgage on a piece of land, there is provision made to pay the rent, purchase money, or mortgage money either in whole or part with crops grown on that land. The maximum amount of any lien or charge which may be charged as a result of the transaction is one third of the value of the crop. The text consists of 5 sections as follows: Definition (1); Crop share agreement (2); Crops (3); Application for relief (4); Crop payment lease (5).
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