MarketPreferential Payments in Bankruptcy Amendment Act 1897
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Preferential Payments in Bankruptcy Amendment Act 1897

The Preferential Payments in Bankruptcy Amendment Act 1897 was an act of the Parliament of the United Kingdom, affecting UK insolvency law. It amended the category of "preferential payments" for rates, taxes and wages, to take priority over a floating charge in an insolvent company's assets. The act was passed in broad response to the decision of the House of Lords in Salomon v A Salomon & Co Ltd [1896] UKHL 1, [1897] AC 22.

Subsequent developments
The whole act was repealed by section 286(1) of, and part I of the sixth schedule to, the Companies (Consolidation) Act 1908 (8 Edw. 7. c. 69). ==See also==
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