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Section 64: Effect of disclaimer

Bankruptcy Act · PART III: ADMINISTRATION OF PROPERTY

consolidated text (as at 2000). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

64. Effect of disclaimer Upon the disclaimer being executed, the property disclaimed shall, if a contract, be deemed to be determined from the date of the order of adjudication and, if a lease, be deemed to have been surrendered on the day the leave of the Court was granted and, if shares in company, be deemed to be forfeited from the date of the order of adjudication.

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