Bankruptcy and Insolvency Act
Marginal note:Definition of "court" in certain places
243 (1) In paragraphs (2)(b) and 250(2)(a) and (b), court means
(a) any court other than a court as defined in section 2; and
(b) a court as defined in section 2 when not exercising jurisdiction in bankruptcy.
Marginal note:Definition of "receiver"
(2) Subject to subsection (3), in this Part, receiver means a person who has been appointed to take, or has taken, possession or control, pursuant to
(a) an agreement under which property becomes subject to a security (in this Part referred to as a "security agreement"), or
(b) an order of a court made under any law that provides for or authorizes the appointment of a receiver or receiver-manager,
of all or substantially all of
(c) the inventory,
(d) the accounts receivable, or
(e) the other property
of an insolvent person or a bankrupt that was acquired for, or is used in relation to, a business carried on by the insolvent person or bankrupt.
(3) For the purposes of subsection 248(2), the definition "receiver" in subsection (2) shall be read without reference to paragraph (b) thereof.
- 1992, c. 27, s. 89
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