(1) A meeting of bondholders may elect one or more representatives from among the holders of bonds representing no less than 1/500 of the total amount of the corresponding class of bonds (excluding the amount repaid) and may delegate a decision concerning matters which are to be dealt with by its resolution to him/her or them. <Amended by Act No. 10600, Apr. 14, 2011>
(2) If two or more representatives have been appointed, a decision under the preceding paragraph shall be made by a majority of their votes.