177. Bankrupts.

The estate of a bankrupt vests in the trustee in bankruptcy when the appointment of the trustee takes effect1, but this does not include property held by the bankrupt on trust for any other person2. In the case of registered land the trustee may apply to be registered as proprietor in place of the bankrupt3. The power to sell the property is exercisable by the trustee in bankruptcy and not by the bankrupt4