Section 495: Correspondence instead of creditors’ meeting.

(1) Anything which is required or permitted by or under this Chapter to be done at a creditors’ meeting may be done by correspondence between the administrator and creditors—
(a) in accordance with the prescribed rules; and
(b) subject to any prescribed condition.
(a) in accordance with the prescribed rules; and
(b) subject to any prescribed condition.
(2) A reference in this Chapter to anything done at a creditors’ meeting includes a reference to anything done in the course of correspondence in accordance with subsection (1).
(3) A requirement to hold a creditors’ meeting is satisfied by correspondence in accordance with this section.