Possession of property by trustee.Possession of property by trustee.

### Possession of property by trustee. E.B.A., s. 48. N.S.W., s. 59. Vic., ss. 154, 160. S.A., s. 126. W.A., s. 48. Q., ss. 111, 129. Tas., s. 21. 99.—(1.) The trustee shall forthwith take possession of the deeds, books and documents of the bankrupt and all other parts of his property capable of manual delivery. (2.) The Court may, on the application of the trustee, enforce possession accordingly. (3.) No person shall be entitled as against the trustee to withhold possession of the books of account or any papers or documents relating to the accounts or to any trade dealings of the bankrupt or to claim any lien thereon. (4.) Where any part of the property of the bankrupt consists of things in action, they shall be deemed to have been duly assigned to the trustee. Tas., s. 86. (5.) If any person has in his possession or power any moneys or securities which he is not by law entitled to retain as against the bankrupt or trustee he shall pay and deliver them to the trustee. (6.) If any person does not comply with the provisions of the last preceding sub-section he shall be guilty of a contempt of Court, and may, on the application of the trustee, be punished accordingly. (7.) Where a corporation fails to comply with the requirements of sub-section (5.) of this section, such officer of the corporation as, in the opinion of the Court, is responsible for such failure shall be deemed to be guilty of contempt of court.