Marginal note:If receiver appointed by court
281 (1) A receiver or receiver-manager appointed by a court must act in accordance with any directions of the court.
Marginal note:If receiver appointed pursuant to instrument
(2) A receiver or receiver-manager appointed pursuant to an instrument must act in accordance with the instrument and any direction that the court may make under section 282.
Marginal note:Duty
(3) A receiver or receiver-manager must
(a) act honestly and in good faith; and
(b) deal with any property of the cooperative in their possession or control in a commercially reasonable manner.
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