Section 240: Decisions at watershed meeting
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
240. Decisions at watershed meeting
(1) At a watershed meeting, the creditors may—
(a) resolve that the company execute a deed of company arrangement specified in the resolution;
(b) resolve that the administration should end; or
(c) unless the company is already in liquidation, by resolution, appoint a liquidator.
(2) The resolution referred to in subsection (1) shall be carried with the
majority and in accordance with sections 232 and 233.