BANKRUPTCY ACT 1914

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BANKRUPTCY ACT 1914 - SECT 53



53.(1) Until a trustee is appointed, the official receiver shall be the
trustee for the purposes of this Act, and, immediately on a debtor being
adjudged bankrupt, the property of the bankrupt shall vest in the trustee.

(2) On the appointment of a trustee, the property shall forthwith pass to and
vest in the trustee appointed.

(3) The property of the bankrupt shall pass from trustee to trustee, including
under that term the official receiver when he fills the office of trustee, and
shall vest in the trustee for the time being during his continuance in office,
without any conveyance, assignment, or transfer whatever.

(4) The certificate of appointment of a trustee shall, for all purposes of any
law in force in any part of the British dominions requiring registration,
enrolment, or recording of conveyances or assignments of property, be deemed
to be a conveyance or assignment of property, and may be registered, enrolled,
and recorded accordingly.

S.120(1) ext. to NI by 1920 c.67 s.18(2) and rep. by 1957 c.20 s.14 sch.4 Pt.I

Enforcement of orders of courts throughout United Kingdom.

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Northern Irish Legislation

BANKRUPTCY ACT 1914 - SECT 53