Pre-merger notification interpretation guideline number 7 : creditor acquisitions (Paragraph 111(d) of the Act).: Iu54-35/7-2011E-PDF
"Trustees in bankruptcy and receivers are considered at law to operate as the agents of creditors. Hence, the vesting of a debtor’s assets in the trustee or receiver and their corresponding acquisition of control and possession of the debtor’s assets are exempt from the application of Part IX of the Act. However, the subsequent sale of a debtor’s assets by a trustee or receiver to a third party may be notifiable, depending on the nature of the debtor’s assets and whether they relate to an operating business"--Policy, p. 1.
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| Department/Agency |
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|---|---|
| Title | Pre-merger notification interpretation guideline number 7 : creditor acquisitions (Paragraph 111(d) of the Act). |
| Variant title |
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| Publication type | Monograph |
| Language | [English] |
| Other language editions | [French] |
| Later edition | Pre-merger notification interpretation guideline number 7 |
| Format | Digital text |
| Electronic document | |
| Note(s) |
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| Publishing information |
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| Description | 3 p. |
| ISBN | 978-1-100-18852-2 |
| Catalogue number |
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| Departmental catalogue number | 60917 |
| Subject terms |
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