Statute
Section 65 — Bankruptcy and Insolvency Act: Where proposal is conditional on purchase of new securities
Text of the provision Official document
A proposal made conditional on the purchase of shares or securities or on any other payment or contribution by the creditors shall provide that the claim of any creditor who elects not to participate in the proposal shall be valued by the court and shall be paid in cash on approval of the proposal.
Official source: laws-lois.justice.gc.ca
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