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Prepayment Right<br />
The federal government published regulations that<br />
amend Section 10(2) of the Interest Act.<br />
The statutory prepayment right now does not apply to<br />
hypothecs on real estate granted after January 1 st ,<br />
2012 by (i) partnerships, (ii) trusts settled for business<br />
or commercial purposes, (iii) Alberta unlimited liability<br />
corporations, (iv) British Columbia unlimited liability<br />
companies, and (v) <strong>No</strong>va Scotia unlimited companies.<br />
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