April 25, 1919 (13th Parliament, 2nd Session)

UNION

Hugh Havelock McLean

Unionist

Mr. H. H. McLEAN:

Subsection (2) provides that the remuneration of a trustee shall be limited to five per cent. If he wants to get more than five per cent he should get it at a meeting at which a majority of the creditors are represented. If he wants to get that extra remuneration he must arrange that the creditors be present at that meeting in person or by proxy, and those creditors should know what they are to vote for. Otherwise, he will get the remuneration fixed by the Act.

Topic:   BANKRUPTCY ACT.
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