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Crop Payments Act (C.C.S.M. c. C320).

Country/Territory
Canada
Territorial subdivision
Manitoba
Document type
Legislation
Date
1987 (1996)
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Crops/grasses Financial agricultural measures Contract/agreement Agricultural land
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Entry into force notes
The present Act enters into force on 1 February 1987.
Abstract

The present Crops Payments 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 Act provides protection for both parties under a lease or agreement for sale for land where payment is made with the corps grown on said land. The text consists of 5 sections as follows: Priority of lessor, vendor, mortgagee, etc. (1); Intention of Act (2); Special property or interest in crops not to be impaired in certain events (2); Applicable against assigns, etc. (4); Priority of seed grain mortgages (5).

Full text
English/French
Website
www.gov.mb.ca.