Textual Amendments
F1Sch. 1 (with appendix) substituted by S.I. 1983/747, art. 3
Modifications etc. (not altering text)
C1Sch. 1: certain rules and forms applied by S.I. 1976/476, para. 3, S.I. 1988/1976, para. 2(1), Sch. rule 2, Appendix 2 and S.I. 1990/661, para. 3
C2Sch. 1 applied by Bankruptcy Act 1985 (c. 66, SIF 66), s. 47(4) (as amended by S.I. 1986/517, para. 5)
126(1)After disposal of any defences, and after approval on the condescendence of the fundin medio, the sheriff, where there is no competition on the fund, may rank and prefer the claimants and grant decree in terms of said ranking.
(2)Where there is competition the sheriff may order claims to be adjusted in accordance with rule 122 and thereafter shall close the records thereon and regulate further procedure.