Burlingham Associates Inc - Related Persons - Bankruptcy / Proposal / Financial Glossary

Bankruptcy / Proposal / Financial Glossary

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Related Persons	Persons who are connected by a blood relationship, marriage, adoption or common law partnership; while so related, they are deemed not to deal with each other at arm's length. The Act provides that the definition of related persons extends to corporations, shareholders and directors in certain specified situations.

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Glossary V2.0