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StatuteBankruptcy and Insolvency Act

Section 113 — Bankruptcy and Insolvency Act: Trustee may vote

Text of the provision Official document

If the trustee is a proxyholder for a creditor, the trustee may vote as a creditor at any meeting of creditors. The vote of the trustee —

or of the partner, clerk or legal counsel of the trustee, or of the clerk of the legal counsel of the trustee —

as proxyholder for a creditor, shall not be counted in respect of any resolution affecting the remuneration or conduct of the trustee. The following persons are not entitled to vote on the appointment of a trustee — and except with the permission of the court and on any condition that the court may impose, the following persons are not entitled to vote on the appointment of inspectors: the father, mother, child, sister, brother, uncle or aunt, by blood, adoption, marriage or common-law partnership, or the spouse or common-law partner, of the bankrupt; where the bankrupt is a corporation, any officer, director or employee thereof; and where the bankrupt is a corporation, any wholly owned subsidiary corporation or any officer, director or employee thereof.

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

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.