Bankruptcy Ordinance

(1)
(Repealed
76 of 1996 s. 37
)
(2)
Where any individual, company or firm has ascertained that a person having a deposit, whether a deposit in respect of capital or not, or a credit balance, with such individual, company or firm is an undischarged bankrupt, then it shall be the duty of such individual, company or firm forthwith to inform the Official Receiver and the trustee in the bankruptcy of the existence of the deposit or credit balance, and such individual, company or firm shall not make any payment out of or in respect of the deposit or credit balance except under an order of the court or in accordance with instructions from the Official Receiver or the trustee in the bankruptcy.
(3)
In case of any contravention of the provisions of subsection (2) the
                individual, or the directors and officers of the company, or the partners and
                manager of the firm, as the case may be, shall be liable on summary conviction to a
                fine
                at
                level 1 and to imprisonment for 6
                    months.
(Amended
E.R. 3 of
                        2021
)
[cf. 1914 c. 59 s. 47 U.K.]