Bankruptcy Act · s 60

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60.
Powers of trustee to deal with property
Subject to the provisions of this Act and to any order of the Court, the trustee may do all or any of the following things -

Bankruptcy
CAP. 67 67
(a) sell all or any part of the property of the bankrupt
(including the goodwill of the business. if any, and the book debts due or growing due to the bankrupt). by public auction or private contract, with power to transfer the whole thereof to any person or company, or to sell the same in parcels, and any transfer of a business of a bankrupt by the Oficial Receiver or trustee is deemed to be exempted from the provisions of any written law relating to the fraudulent transfer of businesses;
(b) give receipts for any money received by him, which receipts shall effectually discharge the person paying the money from all responsibility in respect of the application thereof;
(c) prove, rank, claim and draw a dividend in respect of any debt due to the bankrupt; and
(d) exercise any powers the capacity to exercise which is vested in the trustee under this Act and execute any powers of attorney, deeds and other instruments for the purposes of carrying into effect the provisions of this Act.

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s 60Powers of trustee to deal with property

Subject to the provisions of this Act and to any order of the Court, the trustee may do all or any of the following things -

Bankruptcy

CAP. 67 67

(a)

sell all or any part of the property of the bankrupt

(including the goodwill of the business. if any, and the book debts due or growing due to the bankrupt). by public auction or private contract, with power to transfer the whole thereof to any person or company, or to sell the same in parcels, and any transfer of a business of a bankrupt by the Oficial Receiver or trustee is deemed to be exempted from the provisions of any written law relating to the fraudulent transfer of businesses;

(b)

give receipts for any money received by him, which receipts shall effectually discharge the person paying the money from all responsibility in respect of the application thereof;

(c)

prove, rank, claim and draw a dividend in respect of any debt due to the bankrupt; and

(d)

exercise any powers the capacity to exercise which is vested in the trustee under this Act and execute any powers of attorney, deeds and other instruments for the purposes of carrying into effect the provisions of this Act.