1937_BANKRUPTCY_ORDINANCE__1931 — Page 2

1844

No. 10 of 1931.

BANKRUPTCY.

(i) "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, whether real or personal and whether situate in this Colony or elsewhere; also obligations, easements and every description of estate, interest and profit, present 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 mort- gage, 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;

"

(n) 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;

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(0) Registrar " includes the Registrar of the Supreme Court and any Deputy Registrar of the Supreme Court;

(p) "Trustee " means the trustee in bankruptcy of a debtor's estate.

Acts of

PART II.

PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE.

Acts of bankruptcy.

3.-(1) A debtor commits an act of bankruptcy in each of bankruptcy, the following cases- 4 & 5 Geo. 5,- c. 59, s. 1.

(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;

(b) if in this Colony or elsewhere he makes a fraudulent conveyance, gift, delivery or transfer of his property or of any part thereof;

(c) if in this Colony or elsewhere he makes any conveyance or transfer of his property or any part thereof, or creates any