Commentary

Section 168.1 Section 307—vesting of after-acquired property

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

Section 168.1 Section 307—vesting of after-acquired property

| Commentary

168 After-acquired property

168.1 Section 307—vesting of after-acquired property

After-acquired property is any property which is acquired by, or has devolved upon, the bankrupt after the commencement of the bankruptcy1. Such property vests in the trustee if he serves a notice in writing claiming it2. Except with the permission of the court, a trustee may only serve a notice within 42 days of his learning of the property being acquired by or devolving upon the bankrupt3. The property vests in the trustee immediately upon service of the notice on the bankrupt4. The trustee’s title then relates back to the date upon

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