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BANKRUPTCY AMENDMENT ACT (NORTHERN IRELAND) 1929 - SECT 15

Validity of certain payments to bankrupt and assignee.

15.(1) 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 the Acts of 1857 and 1872, and in this Act, be a
good discharge to the person paying the money or delivering the property, if
the payment or delivery is made before the actual date of adjudication of
bankruptcy and without notice of the presentation of a bankruptcy petition,
and is either pursuant to the ordinary course of business or otherwise bona
fide.

(2) For the purposes of this section a payment by a banker of a cheque drawn
in favour of a third party by the person subsequently adjudged bankrupt shall
be deemed to be a payment to the person subsequently adjudged bankrupt.

© 1929 Crown Copyright

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