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ABANDONMENT OF RAILWAYS ACT 1850 - SECT 34

In case of petition for winding up, landowners, &c. entitled to compensation to be deemed creditors.

34. In the event of the affairs of any such company being wound up under any
such petition, the compensation herein-before directed to be given to the
owners and occupiers of lands and others in respect of the damage sustained by
them by reason of such abandonment in the cases herein-before mentioned, or by
reason of the non-completion of any such contract as aforesaid, or otherwise,
shall be deemed a demand claimed from, and when ascertained in the manner
provided by this Act a debt due from, such company, and the party by whom such
compensation is claimed shall be deemed a "creditor," in ... Ireland, within
the provisions of the said Joint Stock Companies Winding-up Act ... and in
case any lands purchased by such railway company shall be sold by the official
manager under the said Act, they shall be sold in the manner and subject to
the provisions contained in this Act.


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© 1850 Crown Copyright

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