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Bankruptcy Act 1924

Lapse of meeting.Lapse of meeting.

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### Lapse of meeting. (i) If the chairman decides that the meeting has not been held at a time and place convenient to such majority, the meeting shall lapse: Provided that the creditors may pass a resolution that the meeting shall not be deemed an act of bankruptcy.

Previous sectionChairman’s decision as to place and timeChairman’s decision as to place and time of meeting to be final.Next sectionMeeting may resolve to accept compositioMeeting may resolve to accept composition or scheme.