Canada Business Corporations Act

Version of section 96 from 2003-01-01 to 2011-11-28:

Marginal note:Directors’ powers cease

 If a receiver-manager is appointed by a court or under an instrument, the powers of the directors of the corporation that the receiver-manager is authorized to exercise may not be exercised by the directors until the receiver-manager is discharged.

  • 1974-75-76, c. 33, s. 91.
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