Practice question
For ordinary approval under Section 64, which classes must approve the plan?
- Only any one creditor chosen by management
- Only classes whose rights are wholly unaffected
- Only the smallest class
- All classes whose rights are adversely modified or affected
- Only shareholders
Legal references
- RA 10142 (FRIA), Sections 4, 7, 9, 17-18, 31-35, 64-70 and 115-121: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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