Application of Act, as if sequestration Application of Act, as if sequestration order made.

### Application of Act, as if sequestration order made. S.A., s. 273. W.A. 1898, s. 15. 166. From and after the execution of any such deed by the debtor and the trustee thereof, all parties to the deed, and all persons bound thereby, shall, in all matters relating to the property, conveyed and assigned by the deed, or belonging to or vested in the debtor prior to the execution of the deed, be subject to the jurisdiction of the Court, and shall, except as otherwise declared or provided by this Act or the deed, have the benefit and be liable to all the provisions of this Act as if a sequestration order had been made against the debtor and the creditors had proved and the trustee had been appointed trustee in the bankruptcy; and the trustee of the deed, and the creditors thereunder, shall, as between themselves respectively, and as between themselves and the debtor, and against third persons, have the same powers, rights, duties, and remedies, with respect to the debtor and the property, as a trustee in bankruptcy, or creditors of a bankrupt, have with respect to a bankrupt and his property.