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Part 8 · Debtor-in-possession management › Section 275

Consent of insolvency monitor

(1) No obligations exceeding the range of their ordinary business may be entered into by debtors without the insolvency monitor’s consent. Debtors may not even enter into obligations falling under the range of their ordinary business if the insolvency monitor objects to such obligations.

(2) The insolvency monitor may require debtors to allow collection of all payments received only by the insolvency monitor and payments to be made only by the insolvency monitor.

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