52. The contract shall be terminated if the presenter commits an act of bankruptcy or has a receiver order issued against him pursuant to the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3), if his property is taken possession of according to law or, in the case of a legal person, if such legal person is liquidated.
1987, c. 72, s. 52; 2009, c. 32, s. 12; 2022, c. 20, ss. 26 and 41.