| Commentary

214 Trustee’s duties on vacation of office

| Commentary

214 Trustee’s duties on vacation of office

When the trustee vacates office in consequence of removal, resignation or cesser of qualification as an insolvency practitioner, he must, as soon as reasonably practicable, deliver up to the person succeeding him as trustee1:

  1. 214.1

        the assets of the estate (after deduction of any expenses properly incurred, and distributions made, by him);

  2. 214.2

        the records of the bankruptcy, including correspondence, proofs and other documents relating to the bankruptcy while it was within his responsibility; and

  3. 214.3

        the bankrupt’s documents and other records.

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