1950_BANKRUPTCY_ORDINANCE_ORDINANCE — Page 2

CAP. 6]

Bankruptcy.

CHAPTER 6.

BANKRUPTCY.

Originally

10 of 1931. Fraser 10 of 1931,

37 of 1950.

22 of 1950.

To amend the law relating to bankruptcy.

[1st January, 1932.]

PART I.

Short title.

Interpretation.

4 & 5 Geo. 5, c. 59, s. 167.

SHORT TITLE AND INTERPRETATION.

1. This Ordinance may be cited as the Bankruptcy Ordinance.

2. In this Ordinance-

"affidavit" includes statutory declaration, affirmation and attestation on honour;

"available act of bankruptcy" means any act of bankruptcy available for a bankruptcy petition at the date of the presentation of the petition on which the receiving order is made;

"bailiff" includes any officer charged with the execution of a writ or other process;

"court" means the Supreme Court sitting in its bankruptcy jurisdiction;

"debt provable in bankruptcy" or "provable debt" includes any debt or liability by this Ordinance made provable in bankruptcy;

"goods" includes all chattels personal;

"oath" includes affirmation, declaration and attestation on honour;

"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;

"prescribed" means prescribed by general rules within the meaning of this Ordinance;

"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;

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