304
In forceParts of dollar to be disregarded in determining majority in value of creditors etc
Part XVIMiscellaneous
304 Parts of dollar to be disregarded in determining majority in value of creditors etc
In determining for the purposes of this Act whether a majority in value of creditors, or a particular proportion in value of creditors, has passed a resolution or done any other act or thing, if a creditor’s debt consists of a number of whole dollars and a part of a dollar, the part of the dollar shall be disregarded.
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