C1 PART IXBANKRUPTCY

Annotations:

CHAPTER IIITRUSTEES IN BANKRUPTCY

Tenure of office as trustee

Vacancy in office of trustee273

1

This Article applies where the appointment of any person as trustee of a bankrupt's estate fails to take effect or, such an appointment having taken effect, there is otherwise a vacancy in the office of trustee.

2

The official receiver shall be trustee until the vacancy is filled.

3

The official receiver may summon a general meeting of the bankrupt's creditors for the purpose of filling the vacancy and shall summon such a meeting if required to do so in pursuance of Article 287(9) (creditors' requisition).

4

If at the expiration of 28 days from the day on which the vacancy first came to the official receiver's attention he has not summoned, and is not proposing to summon, a general meeting of creditors for the purpose of filling the vacancy, he shall refer the need for an appointment to the Department.

5

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

On a reference to the Department under paragraph (4)F2. . . the Department shall either make an appointment or decline to make one.

7

If on a reference under paragraph (4)F2. . . no appointment is made, the official receiver shall continue to be trustee of the bankrupt's estate, but without prejudice to his power to make a further reference.

8

References in this Article to a vacancy include a case where it is necessary, in relation to any property which is or may be comprised in a bankrupt's estate, to revive the trusteeship of that estate after the holding of a final meeting summoned under Article 304 or the giving by the official receiver of notice under Article 272(2).