Alberta · Receivership (court-appointed)
Sale Approval and Vesting Order re Elite Real Estate - Reid Lots (May 16, 2018)
Approval and vesting order · 16 May 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- closing termsVesting is effective upon the Receiver delivering the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
- order date16 May 2018
- presiding officerJustice R. A. Graesser
- purchaserElite Real Estate Investments Inc.
- sale outcometext: The Court approved the sale transaction with Elite Real Estate Investments Inc. for the Reid Lots (Lands at Plan 9322378, Block 83, Lot 126) and vested Reid Worldwide Corporation's interest in the Purchaser on delivery of the Receiver's Certificate. · scope: parcel · status: approved