CTHRepealedAct
Bankruptcy Act 1924
Meeting may resolve to accept compositioMeeting may resolve to accept composition or scheme.
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Meeting may resolve to accept composition or scheme.
S.A., s. 265.
W.A., 1898, s. 7.
- The creditors may, at the meeting, or any adjournment thereof, by an extraordinary resolution, resolve to accept a proposal for a composition in satisfaction of the debts due to them from the debtor, or a proposal for a scheme of arrangement of the debtor’s affairs, and thereupon the following provisions shall have effect:—