Canada Business Corporations Act

Version of section 94 from 2003-01-01 to 2011-11-28:

Marginal note:Functions of receiver

 A receiver of any property of a corporation may, subject to the rights of secured creditors, receive the income from the property and pay the liabilities connected with the property and realize the security interest of those on behalf of whom the receiver is appointed, but, except to the extent permitted by a court, the receiver may not carry on the business of the corporation.

  • R.S., 1985, c. C-44, s. 94;
  • 2001, c. 14, s. 135(E).
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