Section 60: Distribution of moneys.

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part III: Receivership — Chapter II: Receivers (Scotland)

Any balance of moneys remaining after the provisions of subsection (1) and section 61 below have been satisfied shall be paid in accordance with their respective rights and interests to the following persons, as the case may require—

any other receiver;
the holder of a fixed security which is over property subject to the floating charge;
the company or its liquidator, as the case may be.

Where any question arises as to the person entitled to a payment under this section, or where a receipt or a discharge of a security cannot be obtained in respect of any such payment, the receiver shall consign the amount of such payment in any joint stock bank of issue in Scotland in name of the Accountant of Court for behoof of the person or persons entitled thereto.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.