Bills of Sale Ordinance

Every bill of sale shall be duly attested and shall be registered within 7 clear days after the execution thereof, or, if it is executed in any place out of Hong Kong, then within 7 clear days after the time at which it would, in the course of post, arrive in Hong Kong if posted immediately after the execution thereof, and shall truly set forth the consideration for which it was given; otherwise such bill of sale
shall—
(a)
in the case of a bill of sale made or given by way of security for the payment of money, be void in respect of the chattels comprised therein; and
(b)
in the case of any other bill of sale, as against all trustees or assignees of the estate of the person whose chattels, or any of them, are comprised in such bill of sale under the law relating to bankruptcy or liquidation, or under any assignment for the benefit of the creditors of such person, and also as against all bailiffs and other persons seizing any chattels comprised in such bill of sale, in the execution of any process of any court authorizing the seizure of the chattels of the person by whom or of whose chattels such bill has been made, and also as against every person on whose behalf such process shall have been issued, be deemed fraudulent and void so far as regards the property in or right to possession of any chattels comprised in such bill of sale which, at or after the time of filing the petition for bankruptcy or liquidation, or of the execution of such assignment, or of executing such process, as the case may be, and after the expiration of such 7 clear days are in the possession or apparent possession of the person making such bill of sale, or of any person against whom the process has been issued under or in the execution of which such bill has been made or given, as the case may be.
(Amended
55 of 1967 s. 3
;
33 of 1985 s. 3
)
[cf. 1882 c. 43 s. 8 U.K.]