Alteration of specified securities rights prohibited without written consent of a supermajority of holders or a special resolution. Alteration of terms of specified securities that adversely affect holders is permitted only with either the consent in writing of holders representing not less than three-fourths of that class or the sanction of a special resolution passed at a meeting of the holders of that class.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Alteration of specified securities rights prohibited without written consent of a supermajority of holders or a special resolution.
Alteration of terms of specified securities that adversely affect holders is permitted only with either the consent in writing of holders representing not less than three-fourths of that class or the sanction of a special resolution passed at a meeting of the holders of that class.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.