462. Preferential claims

first, the holder of any fixed security, over any part of the property that ranks prior to the floating charge ;

second, the receiver, for his expenses and remuneration and any indemnity to which he is entitled out of the property of the company ; and

third, persons entitled to preferential claims, to the extent and in the order of priority specified in the

references to a “liquidator” shall be read as references to a “receiver” ;

references to the “commencement of the winding up” shall be read as references to the “appointment of the receiver” ;

references to “company being ordered to be wound up” or to the “winding up of the company” shall be read as references to the “company being put into or being in receivership”.