In force2020 Revised Edition

Contents

Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 3 · Official Assignee, Official Receiver and Insolvency Practitioners

19. Official names of Official Assignee and Official Receiver

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(1)

The Official Assignee has the following official names:

(a)

where the Official Assignee has been appointed as the interim receiver of a debtor’s property under section 324 — “The Official Assignee of the Property of (name of debtor), a Debtor”;

(b)

where the Official Assignee is acting as the receiver and trustee of the estate of a bankrupt under Part 17 — “The Official Assignee of the Estate of (name of bankrupt), a Bankrupt”;

(c)

where the Official Assignee is acting as the trustee of the estate of a deceased debtor in bankruptcy under section 419 — “The Official Assignee of the Estate of (name of deceased debtor), a Deceased Debtor”.

(2)

Where the Official Receiver is acting in the Official Receiver’s capacity as a liquidator under this Act, the Official Receiver has the official name “The Official Receiver and liquidator of (name of corporation in respect of which the Official Receiver is appointed as liquidator)”.

(3)

The Official Assignee and the Official Receiver may, by the applicable official names mentioned in subsections (1) and (2), respectively —

(a)

sue and be sued;

(b)

hold property of every description;

(c)

enter into contracts or any engagements binding on the Official Assignee and the Official Receiver, respectively, and their respective successors in office; and

(d)

do all other acts necessary or expedient to be done in the execution of the offices of the Official Assignee and the Official Receiver, respectively.