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Re-vesting of property in bankruptcy matter. 22.[(1) Where an order is made by the court for the payment of the surplus referred to in section three hundred and four of the Act of 1857 to a bankrupt, his executors, administrators or assigns, such order shall have the effect of vesting the said surplus in the bankrupt, his executors, administrators or assigns.] (2) Where an offer of composition after bankruptcy by a bankrupt or his friends has been accepted by his creditors, and the adjudication of bankruptcy has been annulled by the court, and there remains in the possession of, or vested in, or otherwise subject to the control of the assignees or trustee in the bankruptcy, any part of the estate or effects of the debtor whose bankruptcy has been annulled, it shall be lawful for the court to order that the same shall be vested in the said debtor, his heirs, executors, administrators, or assigns and such order shall have the effect of vesting the same accordingly. (3) Any order made in pursuance of this section, shall, for all purposes, be deemed to be a conveyance or assignment of property, and may be registered accordingly. S.23 amends s.11 of 1872 c.57. S.24 rep. by 1980 NI4 art.44(2)(b) sch.3
© 1929 Crown Copyright
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