Acts and Regulations

B-9.1 - Business Corporations Act

Full text
Bankrupt corporation and stayed action
2023, c.2, s.155
135(1)This Part, other than sections 136 and 139, does not apply to a corporation that is an insolvent person or a bankrupt as those terms are defined in section 2 of the Bankruptcy and Insolvency Act (Canada).
135(2)Any proceedings taken under this Part to dissolve or to liquidate and dissolve a corporation shall be stayed if the corporation is at any time found, in a proceeding under the Bankruptcy and Insolvency Act (Canada), to be an insolvent person as defined in section 2 of that Act.
2023, c.2, s.102
Bankrupt corporation and stayed action
135(1)This Part does not apply to a corporation that is bankrupt within the meaning of the Bankruptcy Act, chapter B-3 of the Revised Statutes of Canada, 1970.
135(2)Any proceedings taken under this Part to dissolve or to liquidate and dissolve a corporation shall be stayed if at any time a corporation becomes subject to or takes a proceeding under the Bankruptcy Act, chapter B-3 of the Revised Statutes of Canada, 1970.
Bankrupt corporation and stayed action
135(1)This Part does not apply to a corporation that is bankrupt within the meaning of the Bankruptcy Act, chapter B-3 of the Revised Statutes of Canada, 1970.
135(2)Any proceedings taken under this Part to dissolve or to liquidate and dissolve a corporation shall be stayed if at any time a corporation becomes subject to or takes a proceeding under the Bankruptcy Act, chapter B-3 of the Revised Statutes of Canada, 1970.