58. Vesting and transfer of property
Feedback & supportThe property of the bankrupt shall pass from Official Assignee to Official Assignee, and shall vest in the Official Assignee for the time being during his continuance in office, without any conveyance, assignment or transfer whatever.
property
“property” includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Singapore or elsewhere; also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
All dealings with property which has been or is vested under this Act in the Official Assignee for the time being, and all deeds, agreements, instruments, acts and things necessary or expedient for the purposes of those dealings, shall, if they were or are transacted, made, entered into, signed, perfected or done by an officer appointed for the time being under section 70 to act for or in the place of the Official Assignee or to be an Assistant Official Assignee, be deemed to have been and shall be of the same force and effect and as valid for all intents and purposes as they would have been or would be if transacted, made, entered into, signed, perfected or done by the Official Assignee personally.