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Bankruptcy and Insolvency Act

Version of section 64 from 2009-09-18 to 2020-02-11:


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 in respect of whom a notice of intention has been filed under section 50.4 or a proposal has been filed under subsection 62(1) if the court is satisfied that the director is unreasonably impairing or is likely to unreasonably impair the possibility of a viable proposal being made in respect of the debtor 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).

  • R.S., 1985, c. B-3, s. 64
  • 1992, c. 27, s. 29
  • 1997, c. 12, s. 40
  • 1999, c. 31, s. 20
  • 2005, c. 47, s. 42
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