§ 285. Definitions. As used in this article: 1. The term “bond” means (a) a bond, note or other obligation of any kind or nature, whether secured or unsecured, which is part of an issue held by more than one person, or (b) a certificate or other instrument which is part of an issue held […]
§ 286. Grounds for proceeding. Whenever there has been a default under a bond or a trust indenture which has not been cured, or whenever proceedings have been instituted under any federal or state law for the modification of a bond or a trust indenture or for a reorganization of the obligor, in connection with […]
§ 287. Contents of petition. The petition shall briefly describe the issue, stating the date, maturity and size thereof so far as known to the petitioner; shall set forth the default or proceedings upon which the application is based, and, if based on a default, the fact that such default has not been cured; shall […]
§ 288. Judgment. If the court shall be satisfied that the allegations of the petition are true, and that the interests of the bondholders of the issue as a whole will not be adversely affected by the granting of the application, it shall enter judgment directing the trustee, every obligor, any receiver appointed by a […]
