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Article 82 Proof altered after payment of dividend

Original text. Later amendments are not shown.

(1)

If after payment of dividend the amount claimed by a creditor in the creditor’s proof is increased, the creditor is not entitled to disturb the distribution of the dividend; but the creditor is entitled to be paid, out of any money for the time being available for the payment of any further dividend, any dividend which the creditor has failed to receive.

(2)

Any dividend payable under paragraph (1) must be paid before the money there referred to is applied to the payment of any such further dividend.

(3)

If, after a creditor’s proof has been admitted, the proof is withdrawn or excluded, or the amount is reduced, the creditor is liable to repay to the SMCL administrator, for the credit of the SMCL administration, any amount overpaid by way of dividend.