(1) Every person who,
as trustee, assignee, or by any other name, is representative of a bankrupt or
insolvent estate is entitled to be registered as proprietor of any property
under this Act, which is portion of such estate, and the Registrar, upon
receipt of an office copy of the appointment of such representative,
accompanied by an application under his hand to be so registered, shall enter
in the Register on the certificate of title for such property, a memorandum
notifying the appointment of such representative, who shall thereupon become
the transferee, and be deemed to be the proprietor of such property, and shall
hold the same subject to the duties and trusts affecting the estate, but for
the purpose of dealing therewith under this Act, shall be deemed the absolute
proprietor thereof.
(2) All property which
any bankrupt or insolvent, before adjudication, or after adjudication and
before obtaining his certificate of discharge became entitled to, or became
entitled under any power of appointment or disposition to dispose of for his
own benefit, shall be deemed a portion of the estate of such bankrupt or
insolvent.
[Section 234 amended: 60 Vict. No. 22 s. 5; No. 81
of 1996 s. 139; No. 19 of 2010 s. 51; No. 2 of 2014 s. 88.]