Where property is excluded from the bankrupt's estate1, and it appears to the trustee that the realisable value of the whole or any part of that property exceeds the cost of a reasonable replacement2 for that property or that part of it, the trustee may3 by notice in writing claim that property or, as the case may be, that part of it for the bankrupt's estate4. However, except with the permission of the court, such a notice may not be served after the end of the period of 42 days beginning with the day on which it first came
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