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Section 90: Release of trustee

Bankruptcy Act · PART V: TRUSTEES IN BANKRUPTCY

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.

90. Release of trustee (1) Where the trustee has realised all the property of the bankrupt or so much of it as can in his opinion be realised without needlessly protracting the trusteeship, and distributed a final dividend, if any, or has resigned, or been removed from his office, or has ceased to act by reason of a composition having been approved, he may request the Official Receiver to call a meeting of the creditors to consider an application to be made to the Court for his release. (2) At such meeting, the trustee shall lay before the creditors an account showing the manner in which the bankruptcy has been conducted, with a list of the unclaimed dividends, if any, and of the property, if any, outstanding, and shall inform the meeting that he proposes to apply to the Court for his release. (3) The creditors assembled at the meeting may express their opinion as to the conduct of the trustee, and they or any of them may appear before the Court and oppose the release of the trustee.

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