#### 415 Court ordered meeting of creditors 415 Court ordered meeting of creditors > > (1) If a compromise or arrangement is proposed between a co-operative and any of its creditors, the Supreme Court may, on application by an appropriate person, order a meeting or meetings of the creditors concerned. > > > (2) An appropriate person to apply for an order is— > > > > > (a) the co-operative; or > > > > > (b) a member of the co-operative; or > > > > > (c) one of the creditors concerned; or > > > > > (d) for a co-operative being wound up—the liquidator. > > > (3) The meeting must be called in the way and be held in the place or places (in this jurisdiction or elsewhere) the Supreme Court directs. > > > (4) In considering whether to make an order for a meeting to be held in another jurisdiction, the Supreme Court may have regard to where creditors concerned reside.

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