English
1/ A meeting may take decisions where its members
representing not less than one-thirds of the debentures
with voting rights are present or represented through
proxies or take part through electronic means.
2/ For matters to be decided under Article 418 of this
Code, three-quarters of the debenture holders shall be
present or represented through proxies or take part
through electronic means.
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3/ Where the quorum under Sub-Article
(1) and
(2) of
this Article is not attained at the first meeting, a
second meeting shall be called in the same manner
and within the same period of time. The notice calling
shall contain the same agenda, showing the date and
outcome of the abortive meeting. The second meeting
may make decisions regardless of the number of
debentures present.
4/ Notwithstanding the provisions of Sub-Article
(3) of
this Article, for matters to be decided under Article 418 of this Code, where quorum of one-half (fifty
percent) is not attained at the second meeting, a
further meeting shall be called in the same manner
and within the same period of time. Such meeting
may make decisions where one-quarter of the
debentures are present or represented.
