ORDINANCE No. 5 of 1864.
Bankruptcy and Insolvency.
choice, in directing the time and manner of effecting any sale of a bankrupt's estate or effects.
66. No Official Assignee shall be personally responsible or liable for any act done by him, or by his order or authority, in the execution of his duty as such Official Assignee, by reason of the petitioning creditors, debt or act of bankruptcy upon which any adjudication shall have been grounded, or of any or either of such matters, being insufficient to support such adjudication: and no Official Assignee shall be deemed personally answerable for, or by reason of his having received any money, bills, notes or other negotiable instruments under any bankruptcy in his character of Official Assignee, provided he shall have paid and deposited such money, bills, notes or other negotiable instruments during the prosecution of the bankruptcy to and in such bank as the Court shall by order direct to the credit of the particular estate for which such money, bills, notes or other negotiable instruments shall have been received, and shall have given notice of such payment or deposit (as the case may be) to any person claiming such money, bills, notes or other negotiable instruments of the Official Assignee: and provided also that the Official Assignee after such payment or deposit, shall not have dealt with such money, bills, notes or other negotiable instruments otherwise than in the execution of his duty as Official Assignee and under the order of the Court: and if any action shall be brought against the Official Assignee, either solely or jointly with the creditor's assignee, in respect of such money, bills, notes or other negotiable instruments, it shall be lawful for the Judge of the Court in which the same action shall be brought upon the application of the Official Assignee, and upon an affidavit of facts, to set aside the proceedings in such action so far as the Official Assignee is concerned, with such costs or without costs, as the Judge shall see fit.
Official Assignee not liable for acts done in execution of his duty or for receipt of bills or money, upon certain conditions being performed.
As to First Meeting of Creditors.
67. As soon as conveniently may be after adjudication the Court shall appoint a meeting of the creditors of which ten days notice shall be given in the Hongkong Government Gazette and such other newspapers as the Court may direct, and such meeting shall be held at such time and place as the Court shall appoint, and at such meeting such officer as the Court shall appoint for that purpose shall preside, and
601
First meeting of creditors, and proof of debts