Bankruptcy and Insolvency Act

Marginal note:Definition of "court" in certain places

• 243 (1) In paragraphs (2)(b) and 250(2)(a) and (b), court means

  • (a) any court other than a court as defined in section 2; and

  • (b) a court as defined in section 2 when not exercising jurisdiction in bankruptcy.

• Marginal note:Definition of "receiver"

  (2) Subject to subsection (3), in this Part, receiver means a person who has been appointed to take, or has taken, possession or control, pursuant to

  • (a) an agreement under which property becomes subject to a security (in this Part referred to as a "security agreement"), or

  • (b) an order of a court made under any law that provides for or authorizes the appointment of a receiver or receiver-manager,

  of all or substantially all of

  • (c) the inventory,

  • (d) the accounts receivable, or

  • (e) the other property

  of an insolvent person or a bankrupt that was acquired for, or is used in relation to, a business carried on by the insolvent person or bankrupt.

• Marginal note:Idem

  (3) For the purposes of subsection 248(2), the definition "receiver" in subsection (2) shall be read without reference to paragraph (b) thereof.