Bankruptcy Act 1988

Right of Official Assignee to transfer stocks or shares.

( cf. 1857, s. 320)

67

67.Where any part of the property of a bankrupt, or of an arranging debtor under a vesting arrangement, consists of stocks or shares, the Official Assignee may exercise the right to transfer them to the same extent as the bankrupt or arranging debtor could have exercised it but for the adjudication or vesting arrangement.