Article 420 — Majority

1/ Resolutions may be adopted by simple majority of debenture holders present at the meeting. [[[ 2/ Except conversion of debentures into shares or differential treatment among debenture holders within the same class, resolutions concerning matters indicated under Article 418 of this Code shall be adopted by a two-thirds majority of debenture holders present. 3/ The voting rights of debentures shall be in proportion to the share of the loan which they represent respectively, each debenture giving the right to not less than one vote.