Government of Canada / Gouvernement du Canada
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Special Economic Measures Act

Version of section 5.2 from 2022-06-23 to 2023-06-21:

Marginal note:Ranking

 All secured and unsecured rights and interests in any property that is the subject of an order made under paragraph 4(1)(b) that are held by a person are entitled to the same ranking that they would have been entitled to had the order not been made, unless

  • (a) the person is

    • (i) the foreign state identified in the order,

    • (ii) a person in that state, or

    • (iii) a national of that state who does not ordinarily reside in Canada; or

  • (b) the property is forfeited to Her Majesty in right of Canada under section 5.4.

  • 2022, c. 10, s. 439

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