COMPANIES CLAUSES ACT 1863 - SECT 24 Interest on debenture stock to be a primary charge.

	[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here: BAILII >> Databases >> Northern Irish Legislation >> COMPANIES CLAUSES ACT 1863

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPANIES CLAUSES ACT 1863 - SECT 24

Interest on debenture stock to be a primary charge.

24. The interest on debenture stock shall have priority of payment over all
dividends or interest on any shares or stock of the company whether ordinary
or preference or guaranteed, and shall rank next to the interest payable on
the mortgages or bonds for the time being of the company legally granted
before the creation of such stock; but the holders of debenture stock shall
not, as among themselves, be entitled to any preference or priority.

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/cca1863180/s24.html

Northern Irish Legislation

COMPANIES CLAUSES ACT 1863 - SECT 24