Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3)

Marginal note:Where consumer proposal deemed accepted

• 66.18 (1) 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.

• Marginal note:Idem

  (2) Where there is no quorum at a meeting of creditors, the consumer proposal shall be deemed to be accepted by the creditors.