S.L. 234.42 Art. 155Resolutions of creditors.

(1) At a meeting of creditors a resolution shall be deemed to be passed when a majority in value of the creditors present personally or by proxy and voting on the resolution have voted in favour of the resolution.

(2) The provisions of these regulations and of the memorandum or articles of the company with respect to proxies at general meetings of the company shall apply to proxies at meetings of creditors, with such modifications and adaptations as may be required.

(3) A copy of every resolution of a meeting of creditors in a winding up by the court shall be certified by the liquidator, and filed in the Registry of the Superior Courts.

(4) Where a resolution is passed at an adjourned meeting of any creditors of a company, the resolution shall, for all purposes, be treated as having been passed on the date on which it was in fact passed, and shall not be deemed to have been passed at any earlier date.