(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.
Last modified: May 3, 2021