BANKRUPTCY.
No. 10 of 1931.
1899
(2) The court may either of its own motion or on the application of the Official Receiver at any time require any trustee to answer any inquiry made by it or him in relation to any bankruptcy in which the trustee is engaged and may examine on oath the trustee or any other person concerning the bankruptcy.
(3) The court may also direct an investigation to be made of the books and vouchers of the trustee.
Remuneration and costs.
85.-(1) Where the creditors appoint any person to be trustee of a debtor's estate his remuneration (if any) shall be in the nature of a commission or percentage, of which one part shall be payable on the amount realized by the trustee, after deducting any sums paid to secured creditors out of the proceeds of their securities, and the other part on the amount distributed in dividend. Such percentages shall be as the court may approve or as may be prescribed. 4 & 5 Geo. 5, c. 59, s. 82.
(2) The remuneration shall cover all expenses except actual out-of-pocket expenses properly incurred and no liability shall attach to the bankrupt's estate or to the creditors in respect of any other expenses.
(3) Where a trustee acts without remuneration he shall be allowed out of the bankrupt's estate such proper expenses incurred by him in or about the proceedings of the bankruptcy as the court may approve.
(4) A trustee shall not under any circumstances whatever make any arrangement for or accept from the bankrupt, or any solicitor, auctioneer or any other person who may be employed about a bankruptcy, any gift, remuneration or pecuniary or other consideration or benefit whatever beyond his said remuneration payable out of the estate, nor shall he make any arrangement for giving up, or give up, any part of his remuneration, whether as receiver, manager or trustee, to the bankrupt or any solicitor or other person who may be employed about a bankruptcy.
86.-(1) Where a trustee or manager receives remuneration for his services as such, no payment shall be allowed in his account for or on account of any remuneration or other benefit received by him in connection with the bankruptcy, and any such payment made to him shall be disallowed, unless the court otherwise orders.
BANKRUPTCY.
No. 10 of 1931.
1899
(2) The court may either of its own motion or on the application of the Official Receiver at any time require any trustee to answer any inquiry made by it or him in relation to any bankruptcy in which the trustee is engaged and may examine on oath the trustee or any other person concerning the bank- ruptcy.
(3) The court may also direct an investigation to be made of the books and vouchers of the trustee.
Remuneration and costs.
trustee.
85.-(1) Where the creditors appoint any person to be Remunera trustee of a debtor's estate his remuneration (if any) shall be in tion of the nature of a commission or percentage, of which one part 4 & 5 Geo. 5, shall be payable on the amount realized by the trustee, after c. 59, s. 82. deducting any sums paid to secured creditors out of the proceeds of their securities, and the other part on the amount distributed in dividend. Such percentages shall be as the court may approve or as may be prescribed.
(2) The remuneration shall cover all expenses except actual out of pocket expenses properly incurred and no liability shall attach to the bankrupt's estate or to the creditors in respect of any other expenses.
(3) Where a trustee acts without remuneration he shall be allowed out of the bankrupt's estate such proper expenses incurred by him in or about the proceedings of the bankruptcy as the court may approve.
(4) A trustee shall not under any circumstances whatever make any arrangement for or accept from the bankrupt, or any solicitor, auctioneer or any other person who may be employed. about a bankruptcy, any gift, remuneration or pecuniary or other consideration or benefit whatever beyond his said remuneration payable out of the estate, nor shall he make any arrangement for giving up, or give up,
or give up, any part of his remuneration, whether as receiver, manager or trustee, to the bankrupt or any solicitor or other person who may be employed about a bankruptcy.
86.-(1) Where a trustee or manager receives remuneration Allowance for his services as such, no payment shall be allowed in his and taxation
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