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Bankruptcy and Insolvency Act

Version of section 65 from 2002-12-31 to 2004-12-14:

Marginal note:Where proposal is conditional on purchase of new securities

 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.

  • R.S., c. B-3, s. 45

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