CTHRepealedAct
Bankruptcy Act 1924
Power to appoint successive trustees.Power to appoint successive trustees.
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### Power to appoint successive trustees.
E.B.A., s. 77 (2).
N.S.W., s. 91.
Vic., ss. 72, 73.
S.A., s. 125.
W.A., s. 81.
129.—(1.) The creditors may, if they think fit, appoint more persons than one to the office of trustee, and in that case shall declare whether any act required or authorized to be done by the trustee is to be done by all or any one or more of those persons; and all those persons are in this Act included under the term “trustee”, and shall be joint tenants of the property of the bankrupt.
(2.) The creditors may, if they think fit, appoint persons to act as trustees in succession in the event of one or more of the persons first named declining to act, or failing to give the required security, or vacating or resigning the office of trustee.