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StatuteBankruptcy and Insolvency Act

Section 247 — Bankruptcy and Insolvency Act: Good faith, etc.

Text of the provision Official document

A receiver shall act honestly and in good faith; and deal with the property of the insolvent person or the bankrupt in a commercially reasonable manner.

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.