Quorum requirements for creditor meetings: adjournment, reduced attendance allowing business, and chair reporting to the Tribunal. If a quorum is not present within half an hour of the appointed time, the meeting is adjourned to the same day the following week; at that adjourned ... Summary
Quorum requirements for creditor meetings: adjournment, reduced attendance allowing business, and chair reporting to the Tribunal.
If a quorum is not present within half an hour of the appointed time, the meeting is adjourned to the same day the following week; at that adjourned meeting, at least two creditors or contributories present in person shall form a sufficient quorum to transact the business, and if even that attendance is not met the chairman must submit a report to the Tribunal for directions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.