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IRISH BANKRUPT AND INSOLVENT ACT 1857 - SECT 271

Liability of assignees or covenants of bankrupt in conveyances, leases, &c.

271. If the assignees of any bankrupt ..., being entitled to any land, either
under a conveyance, agreement, or otherwise, subject to any rent, or being
entitled to any lease or agreement for a lease, shall elect to take such land
or the benefit of such lease or agreement for a lease, such bankrupt ... shall
not be liable to pay any rent accruing after the filing of the
petition of bankruptcy ... or to be sued in respect of any subsequent
non-observance or non-performance of any conditions, covenants, or agreements
in any such conveyance or agreement, or lease or agreement for a lease; and if
the assignees shall not within a reasonable time after being thereto required
elect whether they will accept or decline such land, or conveyance or
agreement, or such lease or agreement for a lease, any person entitled to such
rent, or having so conveyed or agreed to convey, or leased or agreed to lease,
or any person claiming under him, shall be entitled to apply to the Court; and
the Court may order them to elect, and may order the lessees or the bankrupt
... to deliver up such conveyance or agreement for conveyance, or lease or
agreement for lease, in case they shall decline the same, and the possession
of the premises, or may make such other order therein as it shall think fit.

© 1857 Crown Copyright

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