Canada Business Corporations Act

Version of section 99 from 2003-01-01 to 2011-11-28:

Marginal note:Duty of care

 A receiver or receiver-manager of a corporation appointed under an instrument shall

  • (a) act honestly and in good faith; and

  • (b) deal with any property of the corporation in their possession or control in a commercially reasonable manner.

  • R.S., 1985, c. C-44, s. 99;
  • 2001, c. 14, s. 135(E).
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