Hong Kong Ordinances

BANKRUPTCY ORDINANCE - SECT 17

Power to make appointment of trustees

(Past version on 30/06/1997).

Proceedings consequent on order

(1) The power to appoint some fit person as trustee (whether the first such
trustee or a trustee appointed to fill any vacancy) is exercisable, except at
a time when an order for the summary administration of the bankrupt's estate
is in force, by a general meeting of the bankrupt's creditors.

(2) Any power to appoint a person as trustee includes power to appoint 2 or
more persons as joint trustees; but such an appointment must make provision as
to the circumstances in which the trustees must act together and the
circumstances in which one or more of them may act for the others.

(3) The appointment of any person as trustee takes effect at the time
specified in the creditors' resolution or the court order, as the case may be,
appointing him.

(4) This section is without prejudice to the provisions of this Ordinance
under which the Official Receiver is, in certain circumstances, to be trustee.
(Replaced 76 of 1996 s. 11)