CTHRepealedAct
Bankruptcy Act 1924
Preferential payment to creditor an offePreferential payment to creditor an offence.
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### Preferential payment to creditor an offence.
E.B.A., s. 17.
220. If a trustee under a deed of arrangement pays to any creditor out of the debtor’s property a sum larger in proportion to the creditor’s claim than that paid to other creditors entitled to the benefit of the deed, then, unless the deed authorizes him to do so, or unless such payments are either made to a creditor entitled to enforce his claim by distress or are such as would be lawful in a bankruptcy, he shall be guilty of an offence.
Penalty: Fifty pounds.