CmaBylaw
Executive Bylaws
12-50 Of Module Eleven: Dealing in Securities
Section: Chapter Twelve: Bond Regulations
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Tuesday, 14 February 2017
Any resolution concerning extending the term of paying the value for Bonds, or decrease returns, or debt capital or Securities or affects the rights of Bondholders may not be issued unless the number of the members present in the meeting in which a resolution is made represents two thirds of the value of Bonds issued. Resolutions of the Bondholders’ Association shall apply to the absent bondholders and to the breaching present holders as well.
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