# The Insolvency Rules 1986, Rule 2.43: Resolutions


(1) Subject to paragraph (2), at a creditors' meeting in administration proceedings, a resolution is passed when a majority (in value) of those present and voting, in person or by proxy, have voted in favour of it.
(2) Any resolution is invalid if those voting against it include more than half in value of the creditors to whom notice of the meeting was sent and who are not, to the best of the chairman’s belief, persons connected with the company.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/2.43 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-2.43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.