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IRISH BANKRUPT AND INSOLVENT ACT 1857 - SECT 351

If any difficulty arise in the execution of resolution, &c., a special sitting may be held, &c.

351. [In any case where a person has presented a petition for an arrangement
with his creditors, and the creditors have assented to such resolution or
agreement as aforesaid, and the Court considers it desirable to do so], it
shall be lawful for the Court to cause a special sitting of the Court to be
held; and the resolution of the majority in number and value of the creditors
at such sitting who have proved debts to the amount of ten pounds, to confirm,
alter, or annul the whole or any part of such resolution or agreement, shall
be as valid as if it had been part of the original resolution or agreement:
Provided, however, that if one third in number and value of the creditors of
such petitioning [debtor] do not attend such sitting, the resolution thereof
shall not be valid, unless the same is approved and confirmed by the Court.

S.352 rep. by 1872 c.58 s.5 sch.(A)

© 1857 Crown Copyright

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