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Article 26 Apportionment of costs payable out of the assets

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

(1)

Rule 4.218 of the principal rules (general rule as to priority) applies separately to the assets of the company’s long-term business and to the assets of the company’s other business.

(2)

But where any fee, expense, cost, charge, disbursement or remuneration does not relate exclusively to the assets of the company’s long-tem business or to the assets of the company’s other business, the liquidator shall apportion it amongst those assets in such manner as he shall determine.