377. Execution of documents by receiver

A receiver may execute in the name and on behalf of the company all documents necessary or incidental to the exercise of the receiver’s powers.

A document signed on behalf of a company by a receiver shall be deemed to have been properly entered into on behalf of the company for the purposes of section 19 of the Companies Act.

Notwithstanding anything to the contrary in any other written law or the articles of a company, where the instrument or the order of the court by or under which a receiver is appointed empowers the receiver to execute documents and to use the company’s common seal for that purpose, a receiver may execute documents in the name and on behalf of the company by affixing the company’s common seal to the documents and attesting the affixing of the common seal.

A document executed in the manner described in subsection (3) shall be deemed to have been properly entered