Entry Instance

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{
    "id": 275985,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/275985/?format=api",
    "text_counter": 670,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "(1) Subject to section 34, there shall be paid out of the assets of the institution in liquidation in priority to all other debts- (a) the following statutory debts- (i) all taxes and local rates due from the institution at the relevant date and having become due and payable within twelve months next before that date not exceeding in the whole, one year’s assessment; (ii) all amounts due by the institution as the employer of any person under National Social Security Fund in respect of contributions payable during the period of twelve months immediately preceding the relevant date; (iii) all Government rents not more than one year in arrears; (b) all proper costs, charges and expenses, including the remuneration of staff of the Corporation appointed to liquidate an institution; (c) all wages or salaries in respect of services rendered to the institution by any employee other than a director during four months next before the relevant date and all wages, whether payable for time or for piece work or any workman or labourer in respect of services so rendered; (d) all amounts due in respect of any compensation or liability for compensation under the Work Injury Benefits Act being amounts which have accrued before the relevant date."
}