Part 10 — Dissolution Division 1 Cancellation of Incorporation
252 Members of committee of inspection
shall consist of creditors and contributories of the company or
persons holding general powers of attorney from creditors or
contributories in the proportions agreed on by the meetings of
RSA 2000
creditors and contributories, or as, in case of difference, may be
determined by the Court.
(2) The committee shall meet at least once a month and the
liquidator or any member of the committee may also call a meeting
of the committee when the liquidator or member considers it
necessary.
(3) The committee may act by a majority of its members present at
a meeting.
(4) Any member of the committee may resign by notice in writing
signed by the member and delivered to the liquidator.
(5) If a member of the committee becomes bankrupt or insolvent
or compounds or arranges with the member's creditors, or is absent
from 5 consecutive meetings of the committee without the leave of
those members who together with the member represent the
creditors or contributories, as the case may be, the member's office
thereupon becomes vacant.
(6) Any member of the committee may be removed by an ordinary
resolution at a meeting of creditors, if the member represents
creditors, or of contributories, if the member represents
contributories, of which 7 days' notice has been given, stating the
object of the meeting.
(7) On a vacancy occurring in a committee the liquidator may
forthwith summon a meeting of creditors or of contributories, as
the case may be, to fill the vacancy, and the meeting may, by
resolution, re-appoint the same or appoint another creditor or
contributory to fill the vacancy.
(8) The continuing members of the committee, if not less than 2,
may act notwithstanding any vacancy in the committee.
RSA 2000 cC-21 s252;2020 c25 s2(109)