60 Distribution of moneys
Insolvency Act 1986 (1986 c 45) | Legislation

60  Distribution of moneys

(1)     Subject to the next section, and to the rights of any of the following categories of persons (which rights shall, except to the extent otherwise provided in any instrument, have the following order of priority), namely—

(a)     the holder of any fixed security which is over property subject to the floating charge and which ranks prior to, or pari passu with, the floating charge;

(b)     all persons who have effectually executed diligence on any part

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