Bankruptcy and Insolvency Act

Version of section 3 from 2002-12-31 to 2009-09-17:


Marginal note:Reviewable transaction

  •  (1) For the purposes of this Act, a person who has entered into a transaction with another person otherwise than at arm’s length shall be deemed to have entered into a reviewable transaction.

  • Marginal note:Question of fact

    (2) It is a question of fact whether persons not related to one another within the meaning of section 4 were at a particular time dealing with each other at arm’s length.

  • Marginal note:Presumption

    (3) Persons related to each other within the meaning of section 4 shall be deemed not to deal with each other at arm’s length while so related.

  • R.S., 1985, c. B-3, s. 3
  • 1997, c. 12, s. 3(F)
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