Committee of inspection.Committee of inspection.

### Committee of inspection. E.B.A., s. 20. N.S.W., s. 26. Vic., ss. 72, 90 (1), (3)–(10). Q., ss. 92, 101. Tas., ss. 13, 77. 74.—(1.) The creditors qualified to vote may at their first or any subsequent meeting by resolution appoint from among the creditors, or the holders of general proxies or general powers of attorney from the creditors, a committee of inspection for the purpose of superintending the administration of the bankrupt’s property. (2.) No creditor or person appointed a member of the committee of inspection shall be qualified to act until he has proved his debt or the debt of his principal (as the case may be) and the proof has been admitted. (3.) The committee of inspection shall consist of not less than three nor more than five persons. (4.) The committee of inspection shall meet at such times as they from time to time appoint, and failing such appointment at least once a month; and the trustee, or any member of the committee, may, at any time he thinks necessary, call a meeting of the committee. (5.) The committee may act by a majority of their members present at a meeting, but shall not act unless a majority of the committee are present thereat. (6 ) Any member of the committee may resign his office by notice in writing signed by him, and delivered to the trustee. (7.) If a member of the committee becomes bankrupt, or compounds or arranges with his creditors or is absent from five consecutive meetings of the committee, his office shall thereupon become vacant. (8.) Any member of the committee may be removed by resolution at any meeting of creditors specially called for that purpose, and of which seven days’ notice has been given. (9.) On a vacancy occurring in the office of a member of the committee, the trustee shall forthwith summon a meeting of creditors for the purpose of filling the vacancy, and the meeting may, by resolution, appoint another creditor or eligible person to fill the vacancy. (10.) The continuing members of the committee, if there are not less than three, may act, notwithstanding any vacancy in their body; and whenever the number of members of the committee is less than five, the creditors may increase that number to five. Cf. E.B. (r) 337. (11.) If there is no committee of inspection, any act or thing or any direction or permission by this Act authorized or required to be done or given by the committee may, on the application of the trustee, be done or given by the Court.