| Commentary

49.1 Procedure

| Commentary

49 Voting in a decision procedure

49.1 Procedure

  1. 49.1.1

        In any decision procedure in an IVA whether or not it involves a meeting the notice convening the meeting must:

    1. (a)

          specify the decision date1; and

    2. (b)

          contain a statement of by when the creditor must have delivered a proof in respect of his debt failing which his vote will be disregarded2.

  2. 49.1.2

        In a decision procedure other than where votes are cast at a meeting, the creditor's vote, in order to be counted, must3:

    1. (a)

          be received by the convener on or before the decision date; and

    2. (b)

          in the

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