S-31.1 - Business Corporations Act

Section 411 Disposition versions

2011-02-14

411. When ruling on an application for approval of a proposal under the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3) or any other application under the Companies’ Creditors Arrangement Act (R.S.C. 1985, c. C-36), the court may make any order it thinks fit, including an order directing

(1)  the amendment of the articles of the corporation in order to add, change or remove any provision that is permitted by this Act to be set out in the articles;

(2)  the issue by the corporation of debt obligations, whether or not convertible into shares of any class of the corporation or carrying any rights or options to acquire shares of any class, and fixing the terms of such issue; and

(3)  the appointment or replacement of directors of the corporation.

2009, c. 52, s. 411.