306 Vesting of bankrupt's estate in trustee

Acquisition, control and realisation of bankrupt's estate

306  Vesting of bankrupt's estate in trustee

(1)     The bankrupt's estate shall vest in the trustee immediately on his appointment taking effect or, in the case of the official receiver, on his becoming trustee.

(2)     Where any property which is, or is to be, comprised in the bankrupt's estate vests in the trustee (whether under this section or under any other provision of this Part), it shall so vest without any conveyance, assignment or transfer.

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