Bankruptcy Act 1966
PART XVI
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MISCELLANEOUS
SECTION 304
304
PARTS OF DOLLAR TO BE DISREGARDED IN DETERMINING MAJORITY IN VALUE OF CREDITORS ETC.
In determining for the purposes of this Act 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.
In determining for the purposes of this Act 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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