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BANKRUPTCY AMENDMENT ACT 1980 No. 12 of 1980 - SECT 163
Application of Part XI of Bankruptcy Act 1924-1965 to existing deeds of assignment, &c.
163. Section 292 of the Principal Act is amended-
(a) by inserting in sub-section (1) ", subject to sub-section (4) of this
section," before "the provisions of Part XI"; and
(b) by adding at the end thereof the following sub-section:
"(4) The provisions of section 184 of the Bankruptcy Act 1924-1965 have
effect, after the commencement of this sub- section, in accordance with this
section, in relation to a composition or scheme of arrangement accepted, or a
deed of assignment executed, under Part XI of the repealed Act, as if-
(a) the references in paragraphs (1) (a) and (c) of that section, and in
sub-sections (3), (4) and (5) of that section, to the official
receiver were references to the Official Trustee; and
(b) sub-section (6) of that section were omitted and the following
sub-section substituted:
'(6) Where the Official Trustee is appointed to act as trustee in pursuance of
this section, no security shall be required in respect of the appointment.'.".
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