ADVOKS GLOBAL · KENYA
Insolvency Act
104. Status of property acquired during bankruptcy
Edition: 2022-12-31 · In force
104. Status of property acquired during bankruptcy
(1)Until the bankrupt is discharged—(a)all property (whether in or outside Kenya) that the bankrupt acquires or that passes to the bankrupt vests in the bankruptcy trustee without that trustee having to intervene or take any other step in relation to the property, and any rights of the bankrupt in the property are extinguished; and(b)the powers that the bankrupt could have exercised in, over, or in respect of that property for the bankrupt's own benefit vest in the bankruptcy trustee.(2)This section is subject to sections 106 and 124.(3)This section does not apply to property that is vested in the bankrupt under an order made under section 120(3).