Bankruptcy and Insolvency Act
Version of section 64 from 2009-09-18 to 2024-04-16:
Marginal note:Removal of directors
64 (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
- Date modified: