Bill S-22
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PART 9 |
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TRANSITIONAL PROVISION AND COMING INTO FORCE |
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Transitional Provision |
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| Bankruptcy
and
Insolvency
Act -
``secured
creditor''
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177. (1) The definition ``secured
creditor'' in subsection 2(1) of the
Bankruptcy and Insolvency Act, as enacted
by section 25 of this Act, applies only to
bankruptcies or proposals in respect of
which proceedings are commenced after
the coming into force of that section, but
nothing in this subsection shall be construed
as changing the status of any person who
was a secured creditor in respect of a
bankruptcy or a proposal in respect of
which proceedings were commenced before
the coming into force of that section.
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| Bankruptcy
and
Insolvency
Act -
par. 136(1)(e)
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(2) Paragraph 136(1)(e) of the
Bankruptcy and Insolvency Act, as enacted
by section 31 of this Act, applies only to
bankruptcies or proposals in respect of
which proceedings are commenced after
the coming into force of that section, but
nothing in this subsection shall be construed
as changing the status of any person who
was a secured creditor in respect of a
bankruptcy or a proposal in respect of
which proceedings were commenced before
the coming into force of that section.
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| Bankruptcy
and
Insolvency
Act -
par. 178(1)(d)
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(3) Paragraph 178(1)(d) of the
Bankruptcy and Insolvency Act, as enacted
by section 32 of this Act, applies only to
bankruptcies in respect of which
proceedings are commenced after the
coming into force of that section.
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Coming into Force |
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| Coming into
force
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178. The provisions of this Act, other than
Part 8, come into force on a day or days to
be fixed by order of the Governor in
Council.
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