Bankruptcy Act · 2021 Revised Edition · Part 5
96. Removal of trustee
Official textFrom Attorney General's Chambers, unchanged
The creditors may by ordinary resolution, at a meeting specially called for that purpose of which 7 days' notice has been given, remove a trustee, other than the Oficial Receiver, appointed by them, and may at the same or any subsequent meeting appoint another person to fill the vacancy as provided in case of a vacancy in the office of trustee.
ordinary resolution
"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;
If the Court is of opinion that -
a trustee appointed by the creditors is guilty of misconduct or fails to perform his duties under this Act;
his trusteeship is being needlessly protracted without any probable advantage to the creditors;
he is by reason of mental disorder or continued sickness or absence, incapable of performing his duties;
[S 25/2014]
his connection with or relation to the bankrupt or his estate or any particular creditor might make it difficult for him to act with impartiality in the interest of the creditors generally; or
the interests of the creditors require it, the Court may remove him from his office and appoint another person in his place.
Bankruptcy
CAP. 67 89
Terms defined in s 2
ordinary resolution
Defined · s 2"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;