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Paragraph 18

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Article 149 (preferential debts: general provision) is amended as follows.

(2)

In paragraph (1), at the end insert “after the payment of—

(a)

any liabilities to which Article 148A applies, and

(b)

expenses of the winding up.”

(3)

In paragraph (1A), omit “after the expenses of the winding up”.