Section 287. Contents of petition  


Latest version.
  • 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  show  the  purpose  for  which  the
      application  is  made;  and shall contain an allegation that the list is
      not intended for sale, and shall further show that  such  bond  was  not
      purchased  for  the purpose of making such an application; that the list
      of bondholders shall not  be  for  the  purpose  of  communicating  with
      bondholders  in  the  interests  of  an object other than the particular
      indenture securing the issue of bonds; and that such petitioner has  not
      within  five  years sold or offered for sale any list of stockholders of
      any corporation, or aided or abetted any person in procuring  any  stock
      list  for  any  such  purpose  or  sold  or offered for sale any list of
      bondholders of any obligor or aided or abetted any person  in  procuring
      such a list for any such purpose.