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15. Quorum at meeting of creditors or contributories

(1) A meeting of creditors or contributories is not competent to act unless a quorum is in attendance.
(2) A quorum is —
(a) in the case of a meeting of creditors, at least one creditor entitled to vote; and
(b) in the case of a meeting of contributories, at least two contributories entitled to vote, or all the contributories, if their number does not exceed two.
(3) A meeting of creditors or contributories must not commence until at least the expiry of 15 minutes after the time appointed for its commencement where —
(a) the provisions of this paragraph as to a quorum attending are satisfied by the attendance of the chairman alone, or one other person in addition to the chairman; and
(b) the chairman is aware, by virtue of claims or proofs and proxies received or otherwise, that one or more additional persons would, if attending, be entitled to vote.
(4) If within 30 minutes from the time fixed for the commencement of the meeting those persons attending the meeting do not constitute a quorum, the chairman may adjourn the meeting to such time and place as the chairman may appoint.