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StatuteBankruptcy and Insolvency Act

Section 64 — Bankruptcy and Insolvency Act: Removal of directors

Text of the provision Official document

The court may, on the application of any person interested in the matter, make an order removing from office any director of a debtor in respect of whom a notice of intention has been filed under section 50.4 or a proposal has been filed under subsection 62(1) if the court is satisfied that the director is unreasonably impairing or is likely to unreasonably impair the possibility of a viable proposal being made in respect of the debtor or is acting or is likely to act inappropriately as a director in the circumstances. The court may, by order, fill any vacancy created under subsection (1).

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

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