PART V Winding Up.
(v) PROVISIONS APPLICABLE TO EVERY MODE OF WINDING UP

Proof and Ranking of Claims.

318 Ranking of claims in Scotland.
In the winding up of a company registered in Scotland, the following provisions of the Bankruptcy (Scotland) Act, 1913, that is to say,—
(a) the provisions of sections forty-five to sixty-two regarding voting and ranking for payment of dividends;
(b) sections ninety-six and one hundred and five, which respectively relate to the reckoning of majorities and to the interruption of prescription;
shall so far as is consistent with this Act apply in like manner as they apply in the sequestration of a bankrupt's estate, with the substitution of references to winding up for references to sequestration, of references to the court for references to the sheriff, of references to the liquidator for references to the trustee, and of references to the company for references to the bankrupt, and with any other necessary modifications.
3 & 4 Geo. 5. c. 20.