31(1) Borrowing Powers With Permission Of Court

• 31 (1) With the permission of the court, an interim receiver, a receiver within the meaning of subsection 243(2) or a trustee may make necessary or advisable advances, incur obligations, borrow money and give security on the debtor’s property in any amount, on any terms and on any property that may be authorized by the court and those advances, obligations and money borrowed must be repaid out of the debtor’s property in priority to the creditors’ claims.

R.S., 1985, c. B-3, s. 31; 1991, c. 46, s. 584; 2005, c. 47, s. 24.