7Registration—creditor notice requirement

7 Registration—creditor notice requirement

Written objection—information (1) For the purposes of paragraph 29‑18(3)(a) of the Act, the information that must be contained in a written objection is: (a) the name of the person (the creditor) claiming to be a substantial creditor of an amalgamating corporation; and (b) the name of the amalgamating corporation; and (c) a statement, signed by the creditor, that: (i) the amalgamating corporation owes a debt, or debts, to the creditor; and (ii) the amount of that debt, or the sum of the amounts of those debts, that is unsecured exceeds the amount mentioned in subsection (2); and (iii) the creditor objects to the grant of the application made under section 23‑1 of the Act.

Note: It is an offence to provide a false or misleading statement to the Registrar: see section 561‑1 of the Act.

Substantial creditor—amount of debt (2) For the purposes of subsection 29‑18(5) of the Act, the amount is $2,000.

Note: Under subparagraph 29‑18(5)(a)(ii) of the Act, a person is a substantial creditor of an amalgamating corporation if the amount of a debt, or the sum of the amounts of debts, that is unsecured exceeds the prescribed amount.