Marginal note:Extension of stay of proceedings
13 (1) Where the administrator considers an extension of the thirty day period referred to in paragraph 7(1)(b) to be essential to the formulation of an arrangement between a farmer and the farmer’s creditors, the administrator may, subject to the regulations, extend that period for a maximum of three further periods of thirty days each.
Marginal note:Interim extension of stay
(2) Where
(a) there is an appeal under section 15 from a decision of the administrator not to extend a stay of proceedings, and
(b) the stay of proceedings expires before the appeal is decided,
the administrator shall, on that expiration, extend the stay of proceedings until the appeal is decided.
Marginal note:Notice to creditors
(3) The administrator shall give notice of any extension granted under subsection (1) or (2) to the farmer and to each person whose name is listed as a creditor in the farmer’s application.
Marginal note:Where appeal successful
(4) Where, pursuant to an Appeal referred to in paragraph (2)(a), the Appeal Board reverses the administrator’s decision, the resulting thirty day extension of the stay of proceedings starts at the expiration of the original stay of proceedings, or at the expiration of the previous thirty day extension thereof, as the case may be.
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