108
In forceParts of dollar to be disregarded in determining majority in value of creditors etc
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 1Introductory
Part 1.2Interpretation
Division 8Miscellaneous interpretation rules
108 Parts of dollar to be disregarded in determining majority in value of creditors etc
In determining 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 is to be disregarded.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.