CTHRepealedAct
Bankruptcy Act 1924
Vesting and transfer of property.Vesting and transfer of property.
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### Vesting and transfer of property.
E.B.A., s. 53.
N.S.W., ss. 24, 93.
Vic., s. 168.
S.A., ss. 126–128.
W.A., s. 51.
Q., ss. 96, 97.
Tas., ss. 16, 77 (6), (8).
103.—(1.) On the appointment of a trustee by the creditors, the property of the bankrupt shall forthwith pass to and vest in the trustee appointed by them.
(2.) The property of the bankrupt shall pass from trustee to trustee (including under that term the official receiver whenever he fills the office of trustee), and shall vest in the trustee for the time being during his continuance in office, without any conveyance, assignment or transfer whatever.
(3.) The certificate of appointment of a trustee may be deemed to be a transfer, conveyance, or assignment of property, and may be registered, enrolled, recorded, and acted upon accordingly or as is prescribed.
(4.) Notwithstanding anything contained in this Act, where any Act or State Act requires the transmission of property to be registered, and makes provision for the registration of the official receiver or trustee as the owner of property vested in him under this Act, the vesting of the property of the bankrupt in the official receiver or trustee upon sequestration shall be subject to compliance with the requirements of the Act or State Act.