Bankruptcy Ordinance

(1)
When 2 or more persons are appointed as provisional trustees, the appointment
                shall state whether any act required or authorized to be done by a provisional
                trustee is to be done by all or any one or more of such persons, but all such
                persons are in this Ordinance included under the term
provisional
                        trustee
,
                and shall be joint tenants of the property of the bankrupt.
(Replaced
18 of 2005 s. 24
)
(1A)
When 2 or more persons are appointed as trustees, the appointment shall state
                whether any act required or authorized to be done by a trustee is to be done by all
                or any one or more of such persons, but all such persons are in this Ordinance
                included under the term
trustee
,
                and shall be joint tenants of the property of the bankrupt.
(Added
18 of 2005 s. 24
)
(2)
The creditors may also appoint persons to act as trustees in succession in the event of one or more of the persons first named declining to accept the office of trustee or failing to give security, or of the appointment of any such person not being approved by the court.
[cf. 1914 c. 59 s. 77 U.K.]