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StatuteBankruptcy and Insolvency Act

Section 66.19 — Bankruptcy and Insolvency Act: Voting on consumer proposal

Text of the provision Official document

At a meeting of creditors, the creditors may by ordinary resolution, voting all as one class, accept or refuse the consumer proposal as filed or as altered at the meeting or any adjournment thereof, subject to the rights of secured creditors. A creditor who is related to the consumer debtor may vote against but not for the acceptance of the consumer proposal. The administrator, as a creditor, may not vote on the consumer proposal.

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

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