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Art. 1172

220COFederal ActJan 1, 1912Original source
  1. When determining the total bond capital in circulation, bonds that do not confer right to vote shall be disregarded.
  2. Where a motion put to the creditors’ meeting fails to attain the requisite number of votes, the borrower may register votes making up the shortfall by written and authenticated declarations made within two months of the date of the meeting to the chairman of the meeting and thereby bring about a valid resolution.

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