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32. Requisite majorities

(1) Subject to sub-paragraph (2) in the case of a creditors' meeting in administration proceedings or a meeting of creditors under a Deed of Company Arrangement, a resolution is passed by creditors when a majority (in value) of those voting by correspondence or attending and voting at a meeting have voted in favour of it.
(2) In the case of a creditors' meeting in administration proceedings or a meeting of creditors under a Deed of Company Arrangement, a resolution is invalid if those voting against it include more than half in value of the creditors to whom notice of the meeting was sent who are not, to the best of the chairman's belief, Connected Persons of the Company.