| Commentary

323 Role of the nominee

| Commentary

323 Role of the nominee

The nominee will act as ‘trustee or otherwise’1 in supervising the implementation of the proposed arrangement should it be approved by the creditors. The nominee must report to the court whether in his opinion a decision of the partnership’s members and creditors should be sought to consider the proposal.2. In cases where the nominee is the administrator or liquidator, no report to the court is necessary, and such a nominee may proceed directly to the convening of a decision of creditors and a meeting of members3. Every creditor of the

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