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Section 71: Composition with members of partnership

Insolvency Act · PART II: BANKRUPTCY AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

71. Composition with members of partnership (1) Where the members of a partnership have been adjudicated bankrupt, the joint creditors and each class of separate creditors may make separate compositions. (2) In that case, the majorities of creditors required for passing the confirming resolution are the separate majorities of each class, but otherwise the joint and separate creditors shall be counted as one body for voting.

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