Canada Business Corporations Act
Version of section 96 from 2011-11-29 to 2024-10-30:
Marginal note:Directors’ powers cease
96 If a receiver-manager or sequestrator is appointed by a court or under an instrument or act, the powers of the directors of the corporation that the receiver-manager or sequestrator is authorized to exercise may not be exercised by the directors until the receiver-manager or sequestrator is discharged.
- R.S., 1985, c. C-44, s. 96
- 2011, c. 21, s. 45
- Date modified: