CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 108 Parts of dollar to be disregarded in determining majority in value of creditors etc.

Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 108

Parts of dollar to be disregarded in determining majority in value of creditors etc.

108. In determining whether a majority in value of creditors, or a particular
proportion in value of creditors, has passed a resolution or done any other
act or thing, if a creditor's debt consists of a number of whole dollars and a
part of a dollar, the part of the dollar shall be disregarded.

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