Section 66.18 — Bankruptcy and Insolvency Act: Where consumer proposal deemed accepted

Where, at the expiration of the forty-five day period following the filing of the consumer proposal, no obligation has arisen under subsection 66.15(2) to call a meeting of creditors, the consumer proposal is deemed to be accepted by the creditors. Where there is no quorum at a meeting of creditors, the consumer proposal shall be deemed to be accepted by the creditors.