Section 43-2-721 Voting procedure generally; proof of claims required. - Alabama Statutes

Section 43-2-721

Voting procedure generally; proof of claims required.

(a) In making the nomination, each creditor, in person or represented, votes as follows:

(1) On claims held by any one creditor, not exceeding in the aggregate $1,000.00, one vote for each $100.00; and

(2) On claims held by any one creditor, exceeding in the aggregate $1,000.00, 10 votes for the first $1, 000.00, and one for every additional $500.00.

(b) Every creditor is entitled to one vote, and no creditor to more than 20.

(c) The nomination must be made in the presence and under the direction of the court. The amount of claims held by any creditor must be proved by affidavit, as required by section 43-2-352. The court may require other evidence of the correctness and amount of the claim.

(Code 1852, §§1841, 1842; Code 1867, §§2190, 2191; Code 1876, §§2562, 2563; Code 1886, §§2232, 2233; Code 1896, §§300, 301; Code 1907, §§2768, 2769; Code 1923, §§6007, 6008; Code 1940, T. 61, §§394, 395.)