Amendment status not verified — confirm the current text below against the official source.
Priority of payment of contributions over other debt.— Where any. person‘liablo to. pay» contribution under section 4 is adjudicatedineolvent orwin me where such personiis-arcompany, an order for winding up is made, the amount due from such person under the scheme shall, where the liability therefor has accrued before the-order of adjudication unwinding up is‘marle; be deemed .to he'included amongthe- debts which‘ under sectiornifi of the Insolvency Act, 1955 (2 of 1956) or under section 530 of the ‘7 ‘\ 205 Gompm1ies>Aot-,.1956: (Gentml Antlll of 1956) are to.be paid-in priority to. allroflmn dEbteinl the: dishibntioniof- the- property of: the insolvent: on the assets: ofl the company; being wound. up; as: the: case may be.