Kanoon KakaKanoon KakaAsk about your situation

State Act

1005

Section 1005. Preferential rights amongst competing creditors

Portuguese Civil Code, 1867

Act no. none printed (index gives 0)1867In forceGoa (State Act)

Article 1005 – Preferential rights amongst competing creditors - In the matter of payment to the creditors by the price realized from the assets of the debtor, there cannot be any preference, which is not founded :- 1. On Privileged credits 2. On mortgage.

Ask Kanoon Kaka about this section