Inverness chairman Kenny Cameron has pledged to consult fans over a newco Rangers application.
Cameron refused to make a "snap judgment" over any newco bid to acquire the Scottish Premier League share of Rangers, who are on the road to liquidation.
And the Caley Thistle chairman expects the SPL to call a meeting to update clubs on the situation after previously being convinced by Duff and Phelps, Rangers' administrators, that such a scenario was unlikely.
Duff and Phelps have signed a £5.5million newco purchase deal with Charles Green, whose Company Voluntary Arrangement proposal fell short of the needs of Her Majesty's Revenue and Customs.
All 12 clubs would vote on any application and could create sanctions for the new club after rejecting proposals for fixed penalties last month.
Cameron said in a statement: "It is never good to see a Scottish club going into liquidation and it is a pity that Rangers have come to such a position.
"As to what happens now at SPL level, as far as our own club is concerned this is a time to consult and to take stock.
"In the first instance we will sit down as a board and consider what the various potential outcomes are and how the different scenarios may play out.
"Following that we will be consulting with our fans through our supporters trust, as we have done previously on many occasions.
"I would expect the SPL to call a meeting of all the clubs very shortly to appraise us of the current position, at our last all-club meeting we were virtually assured by the administrators that liquidation was not on their radar following discussions with the leading creditors, but as we now know this was not the case."
Cameron gave a strong hint that his club had not decided how they would vote.
"This is not a time for snap judgments or rushed quotes on the issue," he said.
"We will consider our position and listen to our supporters once the picture becomes clearer.
"Any speculation by certain parties as to how ICTFC may or may not vote on a newco is purely that, speculation, and we find it strange that some seem to know how ICTFC would vote under certain circumstances - they must have a crystal ball."
Green met SPL officials, declaring talks went "very well", but the league have made no comment on the situation.
The next SPL board meeting is scheduled for Monday, hours after next season's fixtures are published, and all clubs are not scheduled to meet again until the AGM on July 16.
League rules state that 14 days' notice is required to convene a meeting over a newco application.
Motherwell have also vowed to consult supporters and few clubs have given much away over their intentions on a vote, however some have given some indication.
Hibernian chairman Rod Petrie has said "sporting integrity is beyond purchase", while Kilmarnock chairman Michael Johnston has previously said Rangers have been punished enough.
