Section 86 — Canada Business Corporations Act: Evidence of compliance

An issuer or a guarantor of debt obligations issued or to be issued under a trust indenture shall, before doing any act under paragraph (a), (b) or (c), furnish the trustee with evidence of compliance with the conditions in the trust indenture relating to the issue, certification and delivery of debt obligations under the trust indenture; the release or release and substitution of property subject to a security interest constituted by the trust indenture; or the satisfaction and discharge of the trust indenture. On the demand of a trustee, the issuer or guarantor of debt obligations issued or to be issued under a trust indenture shall furnish the trustee with evidence of compliance with the trust indenture by the issuer or guarantor in respect of any act to be done by the trustee at the request of the issuer or guarantor.