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BANKRUPTCY AMENDMENT ACT (NORTHERN IRELAND) 1929 - SECT 17

Recovery of property transferred without knowledge of filing of petition of bankruptcy.

17. Where any money or property of a bankrupt has, on or after the date of the
filing of the petition of bankruptcy, but before notice of the adjudication of
bankruptcy has been gazetted as directed by section one hundred and
twenty-nine of the Act of 1857 or this Act, been paid or transferred by a
person having possession of it to some other person, and the payment or
transfer is under the provisions of the Acts of 1857 and 1872 or of this Act
void as against the assignees or trustee in the bankruptcy, then, if the
person by whom the payment or transfer was made proves that when it was made
he had not had notice of the petition of bankruptcy, any right of recovery
which the said assignees or trustee may have against him in respect of the
money or property shall not be enforced by any legal proceedings except where
and in so far as the court is satisfied that it is not reasonably practicable
for the said assignees or trustee to recover in respect of the money or
property or of some part thereof from the person to whom it was paid or
transferred.

S.18 rep. by 1952 c.19 (NI) s.1(4) sch.2

© 1929 Crown Copyright

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