75‑140 Adjournment of meetings of credit75‑140 Adjournment of meetings of creditors

75‑140 Adjournment of meetings of creditors

(1) A meeting of creditors may be adjourned from time to time and from place to place: (a) by resolution; or (b) by the trustee of the regulated debtor’s estate. (2) The meeting must not be adjourned to a day that is more than 15 business days after the first day on which the original meeting was held. (2A) However, subsection (2) does not apply to a meeting called under section 188 of the Act. (3) Unless otherwise provided by the resolution by which it is adjourned, the adjourned meeting must be held at the same place as the original meeting. (4) The trustee must immediately give notice of the adjournment to the persons to whom notice of the meeting must be given under section 75‑10. (5) If a meeting is adjourned to a day more than 6 business days after the passing of the resolution by which it is adjourned, the trustee must give notice of the day, time and place of the resumption of the meeting to the creditors at least 5 business days before that day. (6) A resolution passed at a meeting resumed after an adjournment is passed on the day it was passed.