Insolvency Act · 2022 Revised Edition · Chapter VIII
161. Official Receiver
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (2), property vested in the Official
property
“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
Receiver by operation of section 159 or by operation of any corresponding previous written law shall be liable and subject to all charges, claims and liabilities imposed thereon or affecting such property by reason of any statutory provision as to rates, taxes, charges or any other matter or thing to which such property would have been liable or subject had such property continued in the possession, ownership or occupation of the company.
company
“company” means a company incorporated or registered under the Companies Act;
There shall not be imposed on the Official Receiver or the
Government, any duty, obligation or liability whatsoever to do or suffer any act or thing required by any such statutory provision to be done or suffered by the owner or occupier other than the satisfaction or payment of any such charges, claims or liabilities out of the assets of the company so far as they are in the opinion of the Official Receiver properly available for and applicable to such payment.
In this section, “corresponding previous written law” means any other written law relating to companies which has been at any time in force in Brunei Darussalam and which corresponds with any provision in this Act.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
property
Defined · s 3“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
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Chapter X
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