(1) At any time when the official receiver is the trustee of a bankrupt's estate by virtue of any provision of this Chapter . . . he may apply to the Secretary of State for the appointment of a person as trustee instead of the official receiver.
(2) On an application under subsection (1) the Secretary of State shall either make an appointment or decline to make one.
(3) Such an application may be made notwithstanding that the Secretary of State has declined to make an appointment either on a previous application under subsection (1) . . . or under section 300(4) below.
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