Government of Canada / Gouvernement du Canada
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Canada Business Corporations Act

Version of section 99 from 2011-11-29 to 2024-05-01:

Marginal note:Duty of care

 A receiver, receiver-manager or sequestrator of a corporation appointed under an instrument or act shall

  • (a) act honestly and in good faith; and

  • (b) deal with any property of the corporation in their possession or control in a commercially reasonable manner.

  • R.S., 1985, c. C-44, s. 99
  • 2001, c. 14, s. 135(E)
  • 2011, c. 21, s. 47(E)

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