S-31.1 - Business Corporations Act

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362. If the liquidation of the corporation is being carried out under the supervision of the court, a shareholder or any other interested person may ask the court to determine the terms on which the shareholders may, within the period determined by the court,
(1)  withdraw consent to the dissolution of the corporation; and
(2)  elect the fixed number or minimum number of directors required by the articles.
The liquidation is suspended as of the time the court grants the request.
The liquidation resumes if the shareholders fail to reach a decision with respect to withdrawing consent to the dissolution or to elect directors within the period fixed by the court.
The request must be notified to the liquidator.
2009, c. 52, s. 362.