Creditor entitlement to late dividend claims secures payment from liquidator funds but bars upsetting earlier distributions.

A creditor who has not proved his debt before a dividend declaration is nevertheless entitled to be paid from monies then in the liquidator's hands available for distribution, to receive any dividend he missed before that money is applied to future dividends; however, he may not disturb any dividend distribution declared before his debt was proved because he did not participate.

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