Provisions for protection of trustees unProvisions for protection of trustees under void deeds.

### Provisions for protection of trustees under void deeds. 4 & 5 Geo. V., c. 47, s. 19. 200.—(1.) Where a deed of arrangement is void by reason that the requisite majority of creditors have not assented thereto, or, in the case of a deed for the benefit of three or more creditors, by reason that the debtor was insolvent at the time of the execution of the deed and that the deed was not registered as required by this Part, but is not void for any other reason, and a sequestration order is made against the debtor upon a petition presented after the lapse of six months from the execution of the deed, the trustee under the deed shall not be liable to account to the trustee in the bankruptcy for any dealings with or payments made out of the debtor’s property which would have been proper if the deed had been valid, if he proves that at the time of such dealings or payments he did not know, and had no reason to suspect, that the deed was void. (2.) When a deed of arrangement is void by virtue of this Act for any reason other than that it has not been registered within the time allowed for the purpose by this Part, the trustee shall, as soon as practicable after he has become aware that the deed is void, give notice in writing thereof to each creditor whose name and address he knows and file a copy of the notice with the Registrar, and, if he fails to do so, he shall be liable on summary conviction to a fine not exceeding Twenty pounds.