225. Lodging of accounts of receivers and managers Flashcards
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- Lodging of accounts of receivers and managers
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General overview
[225.01] Section 225 provides that the receiver shall lodge accounts with the registrar of the receipts and payments every six months, the first such statement within one month after the expiration of the period of six months from the date of his appointment. The receiver shall also ascertain the amount owing under the debenture, and his estimate of the total value of all the assets of the company. Such information shall be verified by affidavit: s 225(1)(b).
