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StatuteBankruptcy and Insolvency Act

Section 106 — Bankruptcy and Insolvency Act: Quorum

Text of the provision Official document

One creditor entitled to vote, or the representative of such a creditor, constitutes a quorum for a meeting of creditors. Where there is no quorum at the first meeting of creditors, the appointment of the trustee shall be deemed to be confirmed; and the chair shall adjourn the meeting to such time and place as the chair fixes, or without fixing a time or place for a future meeting. Where there is no quorum at any meeting of creditors other than the first meeting, the chair shall adjourn the meeting to such time and place as the chair fixes. The chair of any meeting of creditors may with the consent of the meeting adjourn the meeting from time to time.

Official source: laws-lois.justice.gc.ca

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