C.S.O. 982/25.
487
A BILL
[No. 22:-27.4.31.-6.]
INTITULED
An Ordinance to amend the law relating to
bankruptcy.
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-
PART 1.
SHORT TITLE AND INTERPRETATION,
1. This Ordinance may be cited as the Bankruptcy Short title. Ordinance, 1931,
2. In this Ordinance :-
Interpreta- tion.
(a) "Affidavit" includes statutory declaration, affir- 4 & 5 Geo. 5, mation, and attestation on honour.
(b) "Available act of bankruptcy" means any act of bankruptcy available for a bankruptcy petition at the date of the presentation of the petition on which the receiving order is made.
(c) "Bailiff" includes any officer charged with the execution of a writ or other process.
(d) "Court" means the Supreme Court sitting in its bankruptcy jurisdiction.
(e) "Debt provable in bankruptcy" or "provable debt" includes any debt or liability by this Ordinance made provable in bankruptcy.
(f) "Gazetted" means published in the Hong Kong Government Gazette.
(g) "Goods" includes all chattels personal.
(h) "Oath" includes affirmation, declaration, and attestation on honour.
(2) "Ordinary resolution" means a resolution de- cided by a majority in value of the creditors present, personally or by proxy, at a meeting of creditors and voting on the resolution.
(j) "Prescribed" means prescribed by general rules within the meaning of this Ordinance.
(k) "Property" includes money, goods, things in action, land, and every description of property, whe- ther real or personal and whether situate in this Colony or elsewhere; also obligations, easements, and every description of estate, interest, and profit, pre- sent or future, vested or contingent, arising out of or incident to property as above defined.
(1) "Resolution" means ordinary resolution.
(m) "Secured creditor" means a person holding a mortgage, charge or lien on the property of the debtor, or any part thereof, as a security for a debt due to him from the debtor.
c. 59, s. 167.