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Agricultural Loans Ordinance 1981 (Ordinance No. 7 OF 1981).

Country/Territory
Falkland Islands (Malvinas)
Document type
Legislation
Date
1981 (1984)
Source
FAO, FAOLEX
Long title
An Ordinance To facilitate the borrowing of money on the security of farming stock and other agricultural assets, and for purposes connected therewith.
Subject
Agricultural & rural development
Keyword
Agricultural commodities Agricultural land Credit Farming Registration Contract/agreement Agricultural development
Geographical area
Americas, Atlantic Ocean Islands, Latin America and the Caribbean, South America, South Atlantic
Abstract

The Ordinance established that shall be lawful for a farmer as defined by this Ordinance by instrument in writing to create in favour of an authorized lender as so defined a charge (hereinafter referred to as an agricultural charge) on all or any of the farming stock and other agricultural assets belonging to him as security for sums advanced or to be advanced to him or paid or to be paid on his behalf by the authorized lender and interest, commission and charges thereon. Specific effects are identified for floating and fixed charges; moreover every agricultural charge shall be registered.

Full text
English
Website
legislation.gov.fk