| Commentary

192.3 Resolutions

| Commentary

192.3 Resolutions

At any meeting of the creditors’ committee, each member, whether present himself or by his representative, has one vote; and a resolution is passed when a majority of the members present or represented have voted in favour of it1. Every resolution passed must be recorded in writing, either separately or as part of the minutes of the meeting; and the record must be authenticated by the chairman and kept with the records of the bankruptcy2. Resolutions of the committee may be dealt with otherwise than at a formal meeting3.

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