Form 39 Security of Receiver by Undertaking - British Columbia, Canada

Form 39 "Security of Receiver by Undertaking" in British Columbia, Canada is used to provide security to a receiver appointed to manage and sell assets in a legal proceeding. It ensures that the receiver will fulfill their duties and responsibilities in a responsible manner.

The person filing Form 39 Security of Receiver by Undertaking in British Columbia, Canada is typically the receiver themselves.

FAQ

Q: What is Form 39?A: Form 39 is a document related to the security of a receiver by undertaking in British Columbia, Canada.

Q: What is the purpose of Form 39?A: The purpose of Form 39 is to provide security to a receiver through an undertaking.

Q: Who is the receiver?A: The receiver refers to the person appointed to manage the affairs of a company in financial distress.

Q: What is meant by security in this context?A: Security refers to a guarantee or assurance provided to the receiver.

Q: What does the term undertaking mean in this form?A: Undertaking refers to a promise made by someone to fulfill certain obligations or responsibilities.

Q: Is Form 39 specific to British Columbia, Canada?A: Yes, Form 39 is specific to the province of British Columbia in Canada.