(2) A person is deemed to be "insolvent" within the meaning of this Act if the person is adjudged a bankrupt under the Bankruptcy Act (Canada) or if the person makes an assignment for the general benefit of his or her creditors, and "insolvency" has a meaning corresponding with "insolvent".
Printed copy · Anthology Volume 5, page 618Printed copy from The Tender For Law Anthology, Volume 5, page 618 (printed 13 June 2014). Added by this site; not part of the Facebook export.