Government of Canada / Gouvernement du Canada
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Companies’ Creditors Arrangement Act (R.S.C., 1985, c. C-36)

Act current to 2020-12-28 and last amended on 2019-11-01. Previous Versions

Marginal note:Removal of directors

  •  (1) The court may, on the application of any person interested in the matter, make an order removing from office any director of a debtor company in respect of which an order has been made under this Act if the court is satisfied that the director is unreasonably impairing or is likely to unreasonably impair the possibility of a viable compromise or arrangement being made in respect of the company or is acting or is likely to act inappropriately as a director in the circumstances.

  • Marginal note:Filling vacancy

    (2) The court may, by order, fill any vacancy created under subsection (1).

  • 1997, c. 12, s. 124
  • 2005, c. 47, s. 128
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