Section 176(2A)

Where this subsection applies— is charged for the benefit of the company with the preferential debts of the company to the extent that the company's property is for the time being insufficient for meeting those debts. in a case within subsection (2)(a), the goods or effects, or the proceeds of their sale, and in a case within subsection (2)(b), the amount in question,

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Source: legislation.gov.uk · retrieved 2026-09-04