Bankruptcy Act · s 51

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s 51Validity of certain payments to bankrupt and assignee

A payment of money or delivery of property to a person subsequently adjudged bankrupt or to a person claiming by assignment from him shall, notwithstanding anything in this Act, be a good discharge to the person paying the money or delivering the property if the payment or delivery is made -

(a)

before the actual date on which the receiving order is made;

(b)

without notice of the presentation of a bankruptcy petition;

and

(c)

is either pursuant to the ordinary course of business or otherwise in good faith.