AD 1891.
BANKRUPTCY.
[No. 7.
45
(2) Where a Trustee or manager receives remuneration for his services as such, no payment shall be allowed in his accounts in respect of the performance by any other person of the ordinary duties which are required to be performed by himself.
(3) No solicitor's bill of costs shall be allowed in the Trustee's accounts unless it has been taxed by the proper officer.
moneys into bank.
(4) The remuneration of any Trustee, manager, or receiver or the allowance to any bankrupt, or any part of such remuneration or allowance, may, if the Court so orders, be forfeited for misconduct.
60(1) The Official Receiver shall open in his name as Official Receiver an account at a bank approved by the Governor, and shall pay to the credit thereof all sums received by him as such Official Receiver or as Trustee, and every Trustee in a bankruptcy, other than the Official Receiver, receiving money as such Trustee shall open an account at such bank in the name of the debtor's estate, and shall pay to the credit of such account all sums which may from time to time be received by him as such Trustee.
(2) No Trustee in a bankruptcy shall pay any money received by him as Trustee into his private banking account, or use it otherwise than in the administration of the estate, on any pretence whatever.
(3) Any Trustee paying money into his private banking account, or using it otherwise than in the administration of the estate, or retaining in his hands for more than a week, without the leave of the Court previously obtained, a sum exceeding one hundred dollars, or without explaining such retention to the satisfaction of the Court, may, without prejudice to any other liability, be dismissed from office without remuneration, and may be ordered by the Court to pay any expenses which the creditors may be put to in consequence of his dismissal.
61 (13) The Trustee shall keep a record in writing in which he shall enter a minute of all proceedings had and resolutions passed at any meeting of creditors or of the Committee of Inspection and a statement of negotiations and proceedings necessary to give a correct view of the management of the bankrupt's property.
He shall also keep an account, to be called "The Estate Account", in the form of an ordinary debtor and creditor account, in which he shall enter from day to day all his receipts and payments as Trustee.
The Trustee shall produce at every meeting of creditors and at every meeting of the Committee of Inspection the record and account mentioned and also the pass-book of the estate's bank account, and the documents shall be open to the inspection of any creditor at all reasonable times.
46 & 47 Vict. c. 52 ss. 74, 75.
Record and account to be kept by Trustee.
Ib. s. 80.
AD 1891.
BANKRUPTCY.
[No. 7.
45
(2) Where a Trustee or manager receives remuneration for his rvices as such, no payment shall be allowed in his accounts in respect of the performance by any other person of the ordinary duties which are required to be performed by himself.
(3) No solicitor's bill of costs shall be allowed in the Trustee's accounts unless it has been taxed by the proper officer.
+
moneys into
bank.
(4) The remuneration of any Trustee, manager, or receiver or the illowance to any bankrupt, or any part of such remuneration or allow- if the Court so orders, be forfeited for misconduct. ance, may,
60(1) The Official Receiver shall open in his name as Official Payment of Receiver an account at a bank approved by the Governor, and shall may to the credit thereof all sums received by him as such Official Receiver or as Trustee, and every Trustee in a bankruptey, other than the Official Receiver, receiving money as such Trustee shall open pay an account at such bank in the name of the debtor's estate, and shall to the credit of such account all sums which may from time to time be received by him as such Trustee.
(2) No Trustee in a bankruptcy shall pay any money received by him as Trustee into his private banking account, or use it otherwise than in
administration of the estate, on any pretence whatever.
(3) Any Trustee paying money into his private banking account, or ning it otherwise than in the administration of the estate, or retaining his hands for more than a week, without the leave of the Court viously obtained, a sum exceeding one hundred dollars, or without plaining such retention to the satisfaction of the Court, may, with- prejudice to any other liability, be dismissed from office without mneration, and may be ordered by the Court to pay any expenses which the creditors may be put in consequence of his dismissal.
61 (13) The Trustee shall keep a record in writing in which he hall enter a minute of all proceedings had and resolutions passed at any ting of creditors or of the Committee of Inspection and a statement negotiations and proceedings necessary to give a correct view of management
ement of the bankrupt's property.
in
He
"The Estate shall also keep an account, to be called ccount, in the form of an ordinary debtor and creditor account, hich he shall enter from day to day all his receipts and payments as
**
The Trustee shall produce at every meeting of creditors and at meeting of the Committee of Inspection the record and account mentioned and also the pass-book of the estate's bank account, and ocuments shall be open to the inspection of any creditor at all nable times.
46 & 47 Fict.
c.. 52 88. 74, 75..
Record and be kept by Trustee.
account to
Ib. s. 80.
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