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Section 28: Remuneration of receiver

Protected Cell Companies Act · PART V: RECEIVERSHIP ORDER

consolidated text (as at 2013, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

28. Remuneration of receiver The remuneration of a receiver and any expenses properly incurred by him shall be payable, in priority to all other claims— (a) from the cellular assets attributable to the cell in respect of which the receiver was appointed; and (b) to the extent that these may be insufficient, from the noncellular assets of the protected cell company. PART VI – LIQUIDATION

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