Commonwealth Repealed Acts

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

This legislation has been repealed.

CORPORATIONS LAW- SECT 555

Debts and claims proved to rank equally except as otherwise provided

Except as otherwise provided by this Law, all debts and claims proved in a winding up rank equally and, if the property of the company is insufficient to meet them in full, they shall be paid proportionately.


[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]