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- Insolvency
- Receivers, managers and controllers
Duties
A receiver is an “officer” of the corporation: see the definition of “officer” found in s 9 CA; and as such is subject to the general duties prescribed by the CA, namely:
- • the duty to use reasonable care and diligence;
- • the duty to act in good faith and for a proper purpose;
- • the duty not to use their position improperly; and
- • the duty not to make improper use of information.
The receiver also has a number of specific statutory duties.
See Duties.