Statute
Section 108 — Corporations Act 2001: Parts of dollar to be disregarded in determining majority in value of creditors etc.
Text of the provision Official document
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 is to be disregarded.
Official source: Federal Register of Legislation
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