BANKRUPTCY ACT 1966

PART X - PERSONAL INSOLVENCY AGREEMENTS  

Division 2 - Meeting of creditors and control of debtor ' s property  

SECTION 209   209   ACTS OF CONTROLLING TRUSTEE TO BIND TRUSTEE OF SUBSEQUENT PERSONAL INSOLVENCY AGREEMENT OR BANKRUPTCY  


Where:


(a) a debtor signs an authority under section 188 ; and


(b) subsequently a personal insolvency agreement is entered into by the debtor or the debtor becomes a bankrupt;

all payments made, acts and things done, transactions entered into and liabilities incurred by the controlling trustee in good faith in exercise of his or her powers under this Part are binding on the trustee of the personal insolvency agreement or in the bankruptcy, as the case may be.




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