430. Property entrusted for specific purpose.

Property which is in the bankrupt's possession for a specific purpose does not, as a general rule, pass to the trustee, but is clothed with a species of trust and is subject to the same principles as trust property1.

If bills of exchange and promissory notes, which are ordinarily delivered and remitted as cash, are specifically appropriated to a particular purpose, the owner will be entitled to have them restored to him if they remain in the bankrupt's hands at the time of bankruptcy, or will be entitled to the money received on them if the trustee in bankruptcy disposes