Singapore legislation
Section 377
Section 377
Power of Official Assignee to deal with property
(1)
Subject to Parts 3 and 13 to 22, the Official Assignee may —
sell all or any part of the property of a bankrupt, including the goodwill of the bankrupt’s business (if any) and the book debts due or accruing due to the bankrupt, by tender, public auction or private contract, with power to transfer the whole of the property to any person or to sell the property in parcels;
give receipts for any money received by the Official Assignee, being receipts which effectually discharge the person paying the money from all responsibility in respect of the application of the money;
prove, rank, claim, and draw a dividend in respect of any debt due to the bankrupt;
exercise any power, the capacity to exercise which is vested in the Official Assignee under Parts 3 and 13 to 22, and execute any power of attorney, deeds and other instrument for the purpose of carrying into effect the provisions of those Parts; and
deal with any property to which the bankrupt is beneficially entitled as tenant in tail, or other owner of an estate of inheritance less than an estate in fee simple, in the same manner as the bankrupt might have dealt with it.
(2)
Any such dealing with any property mentioned in subsection (1)(e) to which the bankrupt is, before the bankrupt’s discharge, so entitled is, although the bankrupt is dead at the time of that dealing, as valid and has the same operation as though the bankrupt were then alive.