Bankruptcy and Insolvency Act

Marginal note:Reviewable transaction

• 3 (1) For the purposes of this Act, a person who has entered into a transaction with another person otherwise than at arm’s length shall be deemed to have entered into a reviewable transaction.

• Marginal note:Question of fact

  (2) It is a question of fact whether persons not related to one another within the meaning of section 4 were at a particular time dealing with each other at arm’s length.

• Marginal note:Presumption

  (3) Persons related to each other within the meaning of section 4 shall be deemed not to deal with each other at arm’s length while so related.