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Section 10: Meaning of associate

Insolvency Act · THIRD SCHEDULE

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

10. Meaning of associate (1) In paragraph 9, “associate” means any of the following— (a) the bankrupt’s spouse; (b) a relative of the bankrupt; (c) the spouse of a lineal ancestor or descendant of the bankrupt. (2) In paragraph 9, a company is controlled by the bankrupt if the bankrupt or his nominee has the power to appoint or remove all the directors of the company or such number of directors as together hold a majority of the voting rights at meetings of directors of the company. Privilege and Representation of Persons Examined

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