State Act
60
Section 60. Priority of contributions assessed by liquidator
Andaman and Nicobar Islands Cooperative Socities Regulation 1973
Act no. 3 of 19731973In forceAndaman and Nicobar Islands (State Act)
60. Priority of contributions assessed by liquidator :- Notwithstanding anything contained in any law relating to insolvency, the contribution assessed by a liquidator shall rank next to debts due to the Government or to any local authority in order of priority in insolvency proceedings.