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"Feeder Associations Guarantee Act (Download Version) "

Feeder Associations Guarantee Act

(Download Version)
The Feeder Associations Guarantee Act authorizes the Minister of Finance to give guarantees to the financial institutions that lend money to the local feeder associations. A feeder association is a cooperative set up and managed by livestock producers that enters into agreements with its members for the members to grow, finish, or otherwise deal with livestock or livestock products owned by the association. The Act outlines the incorporation requirements for feeder associations and the purpose of the guaranteed loans. It also sets out the powers of the Minister, in administering the Act, to enter a location, review the records, and inspect livestock and livestock products.
 
    Chapter/Regulation: F-11.1 2009
    Status: Office Consolidation
    Ministry Responsible: Agriculture and Forestry
    Current to 5/27/2013
    Item/ISBN#: 9780779773626
    Pages 6
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Following are the associated Regulations for the Feeder Associations Guarantee Act ...

Feeder Associations Guarantee Regulation

The Feeder Associations Guarantee Regulation, under the Feeder Associations Guarantee Act, sets out aspects of the guarantee loan process and operation of feeder associations. The Regulation defines the requirements for guaranteed loan, the allowable or prohibited uses of guaranteed loans and reporting requirements; the operation of feeder associations; and, dealings between an association and its members including membership requirements, sale proceeds, and the maximum amounts for total monetary obligations.
 
    Chapter/Regulation: 13/2012
    Status: Office Consolidation
    Related Act
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