7 GCA § 50215: Dividends Declared, Not to be Stayed.
Where this section sits in the code
- Title 7: Judiciary and Civil Procedure
- Division 3 - Civil Special Proceedings
- Chapter 50: Insolvency Law
- ARTICLE 5: ASSIGNEES
Whenever a dividend has been duly declared, the distribution of it shall not be stayed or affected by reason of debts being subsequently proved, but any creditor proving such a debt shall be entitled to a dividend equal to those already received by the other creditors before any other dividend is made to the latter, if the failure to prove such claim shall not have resulted from his own neglect.
Collected 2026-09-27T02:38:08Z. Source file · JSON