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Canada Business Corporations Act

Version of section 96 from 2011-11-29 to 2024-03-06:


Marginal note:Directors’ powers cease

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

  • R.S., 1985, c. C-44, s. 96
  • 2011, c. 21, s. 45

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