Commentaries: Art. 1162

The creditors’ meeting may revoke or modify the authority conferred on a representative at any time.
The authority of a representative appointed under the bond issue conditions may be revoked or modified at any time by resolution of the community of creditors with the consent of the borrower.
On application by a bond creditor or the borrower, the court may declare such authority extinguished for good cause.
Where the representative’s authority lapses for whatever reason, at the request of a bond creditor or the borrower, the court orders the measures necessary to protect the bond creditors and the borrower.