special resolution
special resolution
A term under the Bankruptcy and insolvency Act whereby voting is carried out, for example when creditors accept or refuse a proposal. In order for the Special Resolution to pass, of those creditors who vote there must be in excess of 2/3 of the dollars voting in favor and a simple majority in number of the creditors voting in favor. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • special resolution — A resolution passed by a 75% majority of members present at a general meeting measured by the nominal value of the shares on a poll. Easyform Glossary of Law Terms. UK law terms. special resolution …   Law dictionary

  • special resolution — A shareholders resolution at an Annual General Meeting or Extraordinary General Meeting which requires a 75% majority of votes cast in order to be approved. Special resolutions are usually matters of importance for the company and include, for… …   Financial and business terms

  • special resolution — /ˌspeʃ(ə)l ˌrezə lu:ʃ(ə)n/ noun a resolution concerning an important matter, such as a change to the company’s articles of association which is only valid if it is approved by 75% of the votes cast at a meeting COMMENT: 21 days’ notice must be… …   Dictionary of banking and finance

  • special resolution — A resolution of the members of a company that must be approved by at least 75% of the members to be valid. Members must have been given at least 21 days notice of the meeting at which the resolution is proposed and the notice of the meeting must… …   Accounting dictionary

  • special resolution — A resolution of the members of a company that must be approved by at least 75% of the members to be valid. Members must have been given at least 21 days notice of the meeting at which the resolution is proposed and the notice of the meeting must… …   Big dictionary of business and management

  • special resolution — noun A resolution that requires a large majority vote of members present, usually 2/3 or 3/4, at a general meeting of a company …   Wiktionary

  • resolution — A document that records a decision or action by a Board of Directors, or a bond resolution by a government entity authorizing a bond issue. Bloomberg Financial Dictionary * * * resolution res‧o‧lu‧tion [ˌrezəˈluːʆn] noun 1. [countable] an… …   Financial and business terms

  • resolution — /ˌrezə lu:ʃ(ə)n/ noun a decision to be reached at a meeting ♦ to put a resolution to a meeting to ask a meeting to vote on a proposal ● The meeting carried or adopted a resolution to go on strike. ● The meeting rejected the resolution or The… …   Dictionary of banking and finance

  • resolution — A binding decision made by the members of a company. If a motion is put before the members of a company at a general meeting and the required majority vote in favour of it, the motion is passed and becomes a resolution. A resolution may also be… …   Accounting dictionary

  • resolution — A binding decision made by the members of a company. If a motion is put before the members of a company at a general meeting and the required majority vote in favour of it, the motion is passed and becomes a resolution. A resolution may also be… …   Big dictionary of business and management

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