law: Co-Operative Societies Act 2008 
  171.
  
  Costs of liquidation
  1.      A liquidator shall
  
  pay the costs of liquidation out of the property of the society and shall pay
  
  or make adequate provision for all claims against the society.
  2.      After the date
  
  specified by the liquidator for distribution pursuant to section 168(c) (iii),
  
  he may distribute all or any part of the assets of the society among the
  
  parties entitled to the assets having regard to the claims of which the
  
  liquidator has notice.
  3.      The liquidator is not
  
  liable for any part of the assets of the society distributed pursuant to
  
  subsection (2) to any person notice of whose claim the liquidator did not have
  
  at the time of distribution.
  4.      When distributing the
  
  assets of a society pursuant to this section, the liquidator shall pay, in
  
  priority to the claims of the creditors of the society, the wages or salaries
  
  of all persons, other than directors, employed by the society at the time of
  
  the commencement of the liquidation or within one month before, not greater
  
  than 3 months’ wages or salary, and those persons are entitled to rank as
  
  creditors of the society for any residue of their claims.