Special Resolution: Canada Debt .ca defines Special Resolution

Bankruptcy Term Special Resolution

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Canada Debt has the definition to the bankruptcy and debt term Special Resolution. Finding answers to terms such as Special Resolution can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Special Resolution in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Special Resolution' is used as follows:

A resolution decided by a majority in number and three-fourths in value of the creditors with proven claims present, personally or by proxy, at a meeting of creditors and voting on the resolution.