Canada Business Corporations Act, section 223(5): the court's order on a liquidation directs the custody or disposal of the records (CBCA s. 223(5))
When a federal corporation is liquidated under court supervision, the court's closing order names who keeps the records or how they are disposed of.
Dated 31 Oct 2026Source checked 31 Oct 2026Basis: primary text
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In the source's own words
“(5) If the court approves the final accounts rendered by a liquidator, the court shall make an order (a) directing the Director to issue a certificate of dissolution; (b) directing the custody or disposal of the documents and records of the corporation; and (c) subject to subsection (6), discharging the liquidator.”
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