277. Specific and continuing proxies and blank proxies.

A 'proxy' is a document made by a creditor which directs or authorises another person ('the proxy-holder') to act as the representative of the creditor at a meeting or meetings by speaking, voting, abstaining, or proposing resolutions1.

A proxy may be either (1) a specific proxy2 which relates to a specific meeting; or (2) a continuing proxy3 for the insolvency proceedings4. A proxy is to be treated as a specific proxy for the meeting which is identified in the proxy unless it states that it is a continuing proxy for the insolvency proceedings5. A continuing proxy may be superseded by