Section 410: Time of payment in insolvency
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.
410. Time of payment in insolvency
Notwithstanding any other enactment where—
(a) a person is adjudicated bankrupt; or
(b) a company is wound up,
any payment, settlement or transaction shall have effect having regard to the
time at which the Official Receiver or liquidator is appointed as recorded on
the bankruptcy order in the case of bankruptcy and as required to be recorded in the case of a company winding up.