Section 227 — Canada Business Corporations Act: Unknown claimants

On the dissolution of a body corporate under this Act, the portion of the property distributable to a creditor or shareholder who cannot be found shall be converted into money and paid to the Receiver General. A payment under subsection (1) is deemed to be in satisfaction of a debt or claim of such creditor or shareholder. A person who establishes an entitlement to any moneys paid to the Receiver General under this Act shall be paid by the Receiver General an equivalent amount out of the Consolidated Revenue Fund.