Bankruptcy Act · s 74B

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s 74BDisqualification of bankrupt

(1)

In addition to any disqualification under any other written law.

a bankrupt shall be disqualified from being appointed or acting as a trustee or personal representative in respect of any trust, estate or settlement, except with leave of the court.

(2)

Any disqualification to which a bankrupt is subject under this section shall cease when -

(a)

the bankruptcy order against him is annulled or rescinded;

(b)

he is discharged under section 30 or 30A.

(3)

Any person who acts as a trustee or personal representative while he is disqualified by virtue of subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $5,000, imprisonment for a term not exceeding 12 months or both.