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Article 19 Claims

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

(1)

This rule applies to a company carrying on long-term business.

(2)

The liquidator may, in relation to the long-term business of the company and to its other business, fix different days on or before which the creditors of the company, who are required to submit or lodge claims, are to do so and he may fix one of those days without at the same time fixing the other.

(3)

In submitting or lodging a claim, a creditor may claim the whole or part of such claim as attributable to the long-term business of the company or to its other business or he may make no such attribution.

(4)

When he accepts any claim, in whole or in part, the liquidator shall state in writing how much of what he accepts is attributable to the long-term business of the company and how much to the other business of the company.