Hong Kong Ordinances

BANKRUPTCY ORDINANCE - SECT 17B

Power of creditors to requisition meeting

(Past version on 01/04/1998).

(1) Where in the case of any bankruptcy, the provisional trustee has not yet
summoned, or has decided not to summon, a general meeting of the bankrupt's
creditors for the purpose of appointing a trustee under section 17, any
creditor of the bankrupt may request the provisional  trustee to summon such a
meeting for that purpose.

(2) If such a request appears to the provisional trustee to be made with the
concurrence of not less than 1/4 in value of the bankrupt's creditors
(including the creditor making the request), it is the duty of the
provisional trustee to summon the requested meeting.

(3) Where subsection (2) applies, the provisional trustee is required neither
to reach a decision for the purposes of section 17A nor

(if he has reached one) to serve any notice under section 17A(3). (Added 76 of
1996 s. 11. Amended 18 of 2005 s. 7)