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In case of petition for winding up, landowners, &c. entitled to compensation to be deemed creditors.
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34. In the event of the affairs of any such company being wound up under any such petition, the compensation herein-before directed to be given to the owners and occupiers of lands and others in respect of the damage sustained by them by reason of such abandonment in the cases herein-before mentioned, or by reason of the non-completion of any such contract as aforesaid, or otherwise, shall be deemed a demand claimed from, and when ascertained in the manner provided by this Act a debt due from, such company, and the party by whom such compensation is claimed shall be deemed a “creditor,” in England or Ireland, within the provisions of the[1]
said Joint Stock Companies Winding-up Act, or, in Scotland, within the provisions of the[2]
said recited Act of the second and third years of the reign of her present Majesty; and in case any lands purchased by such railway company shall be sold by the official manager under the said Act, they shall be sold in the manner and subject to the provisions contained in this Act.
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