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(1)Where a bankruptcy order has been made and no certificate for the summary administration of the bankrupt's estate has been issued, it is the duty of the official receiver, as soon as practicable in the period of 12 weeks beginning with the day on which the order was made, to decide whether to summon a general meeting of the bankrupt's creditors for the purpose of appointing a trustee of the bankrupt's estate.
This section does not apply where the bankruptcy order was made on a petition under section 264(1)(d) (criminal bankruptcy) ; and it is subject to the provision made in sections 294(3) and 297(6) below.
(2)Subject to the next section, if the official receiver decides not to summon such a meeting, he shall, before the end of the period of 12 weeks above mentioned, give notice of his decision to the court and to every creditor of the bankrupt who is known to the official receiver or is identified in the bankrupt's statement of affairs.
(3)As from the giving to the court of a notice under subsection (2), the official receiver is the trustee of the bankrupt's estate.
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