Statute
Section 559 — Corporations Act 2001: Debts of a class to rank equally
Text of the provision Official document
The debts of a class referred to in each of the paragraphs of subsection 556(1) rank equally between themselves and must be paid in full, unless the property of the company is insufficient to meet them, in which case they must be paid proportionately.
Official source: Federal Register of Legislation
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