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This entry was published on 2014-09-22
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Personal Property (PEP) CHAPTER 41, ARTICLE 8-B
§ 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 court, depositary or committee
purporting to act for or on behalf of bondholders, or such of them as
may have been duly served, to furnish to the applicant a list of the
names and addresses of all bondholders of the issue so far as they
respectively have knowledge or information with respect to the same.
Such judgment may contain such terms and conditions as the court may
deem proper with respect to the time when and place where such lists are
to be furnished, and the payment of the expense of furnishing same.
Notwithstanding the foregoing provisions of this section, however, if a
default was the basis of the application and such default has been cured
before the entry of judgment, or if the institution of proceedings was
the basis of the application and such proceedings have finally
terminated before the entry of judgment, the proceeding may, in the
discretion of the court, be dismissed.