AD 1891.]
BANKRUPTCY.
[No. 7.
25
etc., of
46 & 47 Vict.
Trustee.
20(1.) At any time prior to adjudication the creditors may, by ordinary resolution, nominate some fit person to be Trustee in the bankruptcy, and on making the adjudication the Court shall appoint the creditors' nominee or, if dissatisfied with the nomination or if there is no nomination, some other person to be Trustee. The Official Receiver may be appointed Trustee, if the Court thinks fit.
(2) A Trustee other than the Official Receiver shall give such security as the Court may direct.
c. 52 s. 21.
Ib. s. 22.
21 (1.) At the first or any subsequent meeting the creditors may, by ordinary resolution, appoint from among the creditors qualified to vote or the holders of general proxies or general powers of attorney a Committee of Inspection, consisting of three persons, for the purpose of superintending the administration of the bankrupt's property by the Trustee.
(2) Any two members of the Committee may act.
(3) On a vacancy occurring by death, resignation, incapacity, or otherwise, the Trustee shall summon a meeting of creditors for the purpose of filling the vacancy, but the continuing members may act notwithstanding the vacancy.
(4) If there is no Committee of Inspection, any act or thing or any direction or permission by this Ordinance authorized or required to be done or given by the Committee may be done or given by the Court on the application of the Trustee.
Power to accept composition or scheme after adjudication.
22(1) Where a debtor is adjudged bankrupt the creditors may, if they think fit, at any time after the adjudication, by special resolution, resolve to entertain a proposal for a composition or scheme of arrangement of the bankrupt's affairs; and thereupon the same proceedings etc. shall be taken and the same consequences shall ensue as in the case of a composition or scheme accepted before adjudication.
(2) When a composition or scheme is approved by the Court after adjudication, or if the Court is satisfied, by fresh evidence or otherwise, that the debtor ought not to have been adjudged bankrupt, or when the debts of the bankrupt are all paid in full, with interest, the Court may annul the adjudication, but such annulment shall not invalidate or affect acts theretofore done by the Official Receiver, Trustee, or manager, or person acting under their authority or under the authority of the Court.
Control over Person and Property of Debtor
(1) Every debtor against whom a receiving order is made shall, unless prevented by sickness or other sufficient cause, attend the first
Duties of debtor as to discovery and
AD 1891.]
BANKRUPTCY.
[No. 7.
25
etc., of
46 & 47 Fict.
Trustee.
20(1.) At any time prior to adjudication the creditors may, by Nomination, ordinary resolution, nominate some fit person to be Trustee in the appointment, bankruptcy, and on making the adjudication the Court shall appoint the reditors' nominee or, if dissatisfied with the nomination or if there is no nomination, some other person to be Trustee. The Official Receiver may be appointed Trustee, if the Court thinks fit.
(2) A Trustee other than the Official Receiver shall give such security as the Court may direct.
t
c. 52 s. 21.
Ib. s. 22.
21 (1.) At the first or any subsequent meeting the creditors may, by Committee of ordinary resolution, appoint from among the creditors qualified to vote Inspection. or the holders of general proxies or general powers of attorney a Committee of Inspection, consisting of three persons, for the purpose of superintending the administration of the bankrupt's property by the
rustee.
(2) Any two members of the Committee may act.
(3) On a vacancy occurring by death, resignation, incapacity, or otherwise, the Trustee shall summon a meeting of creditors for the purpose of filling the vacancy, but the continuing members may act notwithstanding the vacancy.
(4) If there is no Committee of Inspection, any act or thing or any direction or permission by this Ordinance authorized or required to be done or given by the Committee may be done or given by the Court on the application of the Trustee.
Power to accept compo-
sition or
scheme after adjudication,
22(1) Where a debtor is adjudged bankrupt the creditors, may, if they think fit, at any time after the adjudication, by special resolution, resolve to entertain a proposal for a composition or scheme of arrange- ment of the bankrupt's affairs; and thereupon the same proceedings etc. thall be taken and the same consequences shall ensue as in the case of a Ib. s. 23. composition or scheme accepted before adjudication...
(2) When a composition or scheme is approved by the Court after judication, or if the Court is satisfied, by fresh evidence or otherwise, at the debtor ought not to have been adjudged bankrupt, or when the bts of the bankrupt are all paid in full, with interest, the Court may annul the adjudication, but such annulment shall not invalidate or affect nots theretofore done by the Official Receiver, Trustee, or manager, or person acting under their authority or under the authority of the Court.
Control over Person and Property of Debtor
(1) Every debtor against whom a receiving order is made shall, prevented by sickness or other sufficient cause, attend the first
¿
Duties of
debtor as to discovery and
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