BANKRUPTCY.
No. 7 of 1891.
579
of the presentation of the petition on which the receiving order is made.
C6
(b) The court means the Supreme Court.
(e) "Gazetted" means published in the Gazette.
(d) "Goods" includes all chattels personal.
(e) "Ordinary resolution" means a resolution decided by a majority in value of the creditors present, personally or by proxy, at a meeting of creditors and voting on the resolution.
(f) "Property" includes money, goods, things in action, land, and every description of property, real or personal, immovable or movable, corporeal or incorporeal, and whether situate in this Colony or elsewhere, and any interest therein whether at law or in equity, present or future, vested or contingent, arising out of or incident to property as above defined.
(g) "Provable debt" includes any debt or liability provable in bankruptcy under this Ordinance.
(h) "The Registrar" means the Registrar of the Supreme Court.
(i) "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.
(j) "Special resolution" means a resolution decided by a majority in number and three-fourths in value of the creditors present, personally or by proxy, at a meeting of creditors and voting on the resolution.
(k) "Suit" and "action" are synonymous terms.
(l) "The trustee" means the trustee in bankruptcy of the debtor's estate.
PART I.
PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE.
Acts of bankruptcy.
3.--(1) A debtor commits an act of bankruptcy in each of the following cases :--
Enumeration of acts of bankruptcy.
52, s. 4.
(a) if, in this Colony or elsewhere, he makes a conveyance or assignment of his property to a trustee or trustees for the benefit of his creditors generally; or