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.
161. 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:—