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Bill C-479

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1st Session, 37th Parliament,
49-50-51 Elizabeth II, 2001-2002

House of Commons of Canada

BILL C-479

An Act to amend the Canada Business Corporations Act

R.S., c. C-44

      Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. Subparagraph 161(2)(b)(iii) of the Canada Business Corporations Act is replaced by the following:

      (iii) has been a receiver, receiver-manager, liquidator or trustee in bankruptcy of the corporation or any of its affiliates, or has provided financial services, management consulting services or any other professional services to the corporation or any of its affiliates, within two years of his proposed appointment as auditor of the corporation.