← belizelaw.ai · Companies, Cap. 250 · PART IV — Winding-Up of Companies

Meetings to ascertain wishes of creditors or contributories

Cap. 250, s. 210 · Revised Edition 2020

(1) Where by this Act the court is authorised, in relation to winding-up, to have regard to the wishes of creditors or contributories, as proved to it by any sufficient evidence, the court may, if it thinks fit, for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the court directs, and may appoint a person to act as Chairperson of any such meeting and to report the result thereof to the court. (2) In the case of creditors, regard shall be had to the value of each creditor’s debt. (3) In the case of contributories, regard shall be had to the number of votes conferred on each contributory by the articles.
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