Cap. 6activeordinance

Bankruptcy Ordinance

破產條例

Full legislation

s.81A

Vacancy in office of provisional trustee

(1)
If a vacancy occurs in the office of a provisional trustee, the Official Receiver
shall—
(a)
in a case where the Official Receiver considers that the value of the property of the bankrupt is unlikely to exceed $200,000, either appoint another person to fill the vacancy or act as the provisional trustee; or
(b)
in any other case, act as the provisional trustee.
(2)
The power of the Official Receiver to appoint another person to fill a vacancy may be exercised without a creditors’ meeting, and it includes power to appoint 2 or more persons as joint provisional trustees; but such an appointment must make provision as to the circumstances in which the provisional trustees must act together and the circumstances in which one or more of them may act for the others.