If a conflict arises between Part XII and any other part of the Bankruptcy and Insolvency Act (BIA) during the liquidation of an Investment Dealer, which of the following statements is true?

Question

Accepted Answer

Section 255 of the BIA explicitly states that in the event of any conflict between Part XII and any other part of the Act, the provisions of Part XII shall prevail.

If a conflict arises between Part XII and any other part of the Bankruptcy and Insolvency Act (BIA) during the liquidation of an Investment Dealer, which of the following statements is true?

Discussion