marshalling


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marshalling

the principle that where two or more creditors seek payment from the assets of the same debtor where one creditor can claim against one source of assets and another can claim against two sources, the creditor with the two sources maybe required to seek satisfaction from the source that the other creditor cannot claim against. It applies as between creditors, beneficiaries and legatees.
References in periodicals archive ?
The new marshalling yard will enable smooth collaboration between our train and maintenance operations.
Committee member Keith Thompson said: "These training days provide a great opportunities for both sides of the marshalling community to get together.
Its two-story mid-block garage annex (72,000 s/f footprint) has tractor trailer truck ramps to its roof for truck staging and marshalling and additional floors could be added for parking, hotel, ballroom, exhibition, conference or other uses which could be tied into the 460 Twelfth Avenue tower and/or a new building on the Eleventh Avenue frontage.
We downloaded the ships and got the equipment to the marshalling yard," said Staff Sgt.
Marshalling at a motor racing meeting is an activity open to any fit and healthy person over the age of 16 and must be one of the most exciting voluntary occupations.