That's a very good question. The way the act is structured is simply this. It says that any product received by that buyer, and it could be, in this context, from several sellers, or any of what we call the proceeds of that product...and this is more likely to be the case, the accounts receivable. Product has been received from several sellers and it has been resold on credit, so the real value here is the accounts receivable.
Let's assume then that this seller becomes bankrupt or invokes insolvency proceedings. The outcome is simply this. The law says that those accounts receivable are held in trust for all of the unpaid sellers who gave the appropriate statutory notice. Now, the chances are, of course, that there may well be more unpaid sellers than value in the accounts receivable, so that there has to be some method of “ divvying up”, if I can use that term, the value of those accounts receivable.
The promoters—