Statute
Section 50.3 — Bankruptcy and Insolvency Act: Rights in bankruptcy
Text of the provision Official document
On the bankruptcy of an insolvent person who made a proposal to one or more secured creditors in respect of secured claims, any proof of secured claim filed pursuant to section 50.1 ceases to be valid or effective, and sections 112 and 127 to 134 apply in respect of a proof of claim filed by any secured creditor in the bankruptcy.
Official source: laws-lois.justice.gc.ca
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