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StatuteBankruptcy and Insolvency Act

Section 246 — Bankruptcy and Insolvency Act: Receiver’s statement

Text of the provision Official document

A receiver shall, forthwith after taking possession or control, whichever occurs first, of property of an insolvent person or a bankrupt, prepare a statement containing the prescribed information relating to the receivership, and shall forthwith provide a copy thereof to the Superintendent and to the insolvent person or the trustee (in the case of a bankrupt);

and to any creditor of the insolvent person or the bankrupt who requests a copy at any time up to six months after the end of the receivership. A receiver shall, in accordance with the General Rules, prepare further interim reports relating to the receivership, and shall provide copies thereof to the Superintendent and to the insolvent person or the trustee (in the case of a bankrupt);

and to any creditor of the insolvent person or the bankrupt who requests a copy at any time up to six months after the end of the receivership. A receiver shall, forthwith after completion of duties as receiver, prepare a final report and a statement of accounts, in the prescribed form and containing the prescribed information relating to the receivership, and shall forthwith provide a copy thereof to the Superintendent and to the insolvent person or the trustee (in the case of a bankrupt);

and to any creditor of the insolvent person or the bankrupt who requests a copy at any time up to six months after the end of the receivership.

Official source: laws-lois.justice.gc.ca

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.