What is the meaning of Quorum?

Under the Bankruptcy and Insolvency Act there must be one person present, either in person or by proxy, at a meeting of creditors before the meeting is considered to be a properly constituted one and hence can carry on with the business of the meeting. A dividend paid to creditors before the estate is finalized.

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APABarry Goldsmith. (2010). quorum. Retrieved September 21, 2026, from http://smartdefine.org/quorum/definitions/1161673
ChicagoBarry Goldsmith. 2010. "quorum" http://smartdefine.org/quorum/definitions/1161673 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, quorum, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/quorum/definitions/1161673>.
MLABarry Goldsmith. "quorum" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/quorum/definitions/1161673>
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