Section 434B(1)

If a corporation is a creditor or debenture-holder, it may by resolution of its directors or other governing body authorise a person or persons to act as its representative or representatives— in a qualifying decision procedure, held in pursuance of this Act or of rules made under it, by which a decision is sought from the creditors of a company, or at any meeting of a company held in pursuance of the provisions contained in a debenture or trust deed.

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Source: legislation.gov.uk · retrieved 2026-09-04