Assertion: building society's shareholder | /r/CapableOf | rank with ordinary creditors
Facets:
value: equally
type: MANNER
Source sentences:
text: The main provisions in the Act (all of which require secondary legislation before they come into force) were to: increase the current 50% non-member funding limit to a maximum of 75%; to alter priorities on dissolution and winding-up ensuring that ordinary shareholders would rank equally with ordinary creditors; enable the transfer of a building society, friendly society, industrial and provident society, mutual insurance company or an equivalent European mutual, to a subsidiary of another mutual.