Article 723 — Rights and Duties of the Creditors' Committee

1/ The Court, the supervisory judge and the trustee in bankruptcy may require the creditors' committee to give its advice where appropriate. 2/ Decisions of the creditors' committee shall be made by a majority vote of its members. 3/ The creditors' committee shall be consulted by the trustee in bankruptcy with respect to: a) the verification of the accounts; b) the statement of affairs prepared by the debtor; and c) legal proceedings. 4/ The creditors' committee shall supervise the trustee in bankruptcy. 5/ The creditors' committee may make an application to the court to replace the trustee in bankruptcy. The creditors' committee shall make such an application if the creditors, representing a majority of the total amount of pre-insolvency claims, support the replacement of the trustee in bankruptcy. 6/ The creditors' committee may at any time require information on the state of the bankruptcy proceedings and on the position of receipts and payments. The creditors' committee shall be consulted by the trustee in bankruptcy with regards to all legal proceedings. 7/ A members of the creditors’ committee may only be liable for gross negligence or willful misconduct. 8/ Members of the creditors' committee shall represent the interests of the community of all creditors. 9/ Members of the creditors' committee may not receive any remuneration. However, they shall have the right to request the reimbursement of expenses where such expenses have been approved in writing by the trustee in bankruptcy.