365. Release of resigning or removed trustee.

365.     Release of resigning or removed trustee.

A person other than the official receiver who has ceased to be the trustee has his release with effect from the following time, that is to say:

  1.  

    (1)     in the case of a person who has been removed from office by decision of the bankrupt's creditors and the creditors have not decided against his release, or the person has died, the time at which notice is given to the prescribed person that that person has ceased to hold office1;

  2.  

    (2)     in the case of a person who has been removed