Preferential Payments in Bankruptcy Amendment Act 1897
The Preferential Payments in Bankruptcy Amendment Act 1897 (61 Vict. c.19) was an Act of Parliament of the United Kingdom, affecting UK insolvency law. It amended the category of "preferential payments" for rates, taxes and wages, to take priority over a floating charge in an insolvent company's assets.
Section 1 of the Preferential Payments in Bankruptcy Act 1888 first introduced the concept. It was amended by section 2 of the Preferential Payments in Bankruptcy Amendment Act 1897.
The provisions were re-enacted in the Companies (Consolidation) Act 1908, the Companies Act 1929 and the Companies Act 1948.
See also
- Re Barleycorn Enterprises Ltd [1970] Ch 465
- UK insolvency law
- UK bankruptcy law
- History of bankruptcy law
Notes
This article is issued from Wikipedia - version of the 2/19/2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.