Practice question
Which creditors may vote in the Section 115 liquidator election, subject to its secured-creditor qualifications?
- All persons regardless of any claim
- Only customers with no claim
- Creditors who timely filed claims not barred by limitations
- Only directors
- Only the debtor’s relatives
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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