Article 122 - Formalities of establishment

(1) The Creditors' Committee does not come into being, and accordingly cannot act, until the officeholder has issued a certificate of its due constitution.
(2) No person may act as a member of the Creditors' Committee unless and until he has agreed to do so.
(3) The officeholder's certificate of the Creditors' Committee's due constitution shall not be issued unless and until at least three of the persons who are to be members of the committee have agreed to act.
(4) As and when the others (if any) agree to act, the officeholder shall issue an amended certificate of due constitution of the Creditors' Committee.