Bankruptcy and Insolvency Act
Marginal note:Claims in foreign currency
275 A claim for a debt that is payable in a currency other than Canadian currency shall be converted to Canadian currency
(a) in the case of a proposal in respect of an insolvent person and unless otherwise provided in the proposal, where a notice of intention was filed under subsection 50.4(1), as of the day the notice was filed or, if no notice was filed, as of the day the proposal was filed with the official receiver under subsection 62(1);
(b) in the case of a proposal in respect of a bankrupt and unless otherwise provided in the proposal, as of the date of the bankruptcy; or
(c) in the case of a bankruptcy, as of the date of the bankruptcy.
- 1997, c. 12, s. 118
- Date modified: