113
CurrentCertain debts to have priority
Part 9Existing pre-paid funeral funds and pre-paid contracts
Division 1Preliminary
113 Certain debts to have priority
In the winding up of corporation under the Corporations Act 2001 of the Commonwealth (as applied to the winding up by section 74A), a debt referred to in section 118 (8) or (10) shall, if it is unsecured, be paid in priority to all other unsecured debts of the corporation.
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