CORPORATIONS ACT 2001 - SECT 555 Debts and claims proved to rank equally except as otherwise provided
CORPORATIONS ACT 2001 - SECT 555
Debts and claims proved to rank equally except as otherwise provided Except as otherwise provided by this Act, 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 must be paid proportionately.