C-14 - Railway Act

Section 15 Disposition versions

1977-12-31

15. If an alteration or modification of any compromise or arrangement is proposed at any time after the judge has directed a meeting or meetings to be summoned, such meeting or meetings may be adjourned on such terms as to notice and otherwise as the judge may direct, and such directions may be given as well after as before adjournment of any meeting or meetings, and the judge may in his discretion direct that it shall not be necessary to adjourn any meeting or to convene any further meeting of any class of creditors or shareholders which in the opinion of the judge is not adversely affected by the alteration or modification proposed, and a compromise or arrangement so altered or modified may be sanctioned by the judge and have effect under section 14 of this Division.

R. S. 1964, c. 290, s. 15.