Insolvency Act

285. Procedure following approval of composition by the Court

Edition: 2022-12-31 · In force

285. Procedure following approval of composition by the Court

(1)The Registrar of the Court shall, after recording the deed of composition—

(a)endorse on the deed that it has been recorded in the Court registry; and

(b)if requested to do so by the Official Receiver, deliver the deed to the Official Receiver.

(2)As soon as practicable after the deed has been recorded in the Court registry, the Official Receiver shall—

(a)take all steps necessary to have any vesting provided for in the deed registered or recorded in the appropriate public registry or office; and

(b)then return the deed to the Registrar of the Court.

(3)The Official Receiver shall, subject to the provisions of the deed, give possession to the bankrupt or the trustee under the composition of—

(a)the bankrupt's property; or

(b)so much of the bankrupt's property as is under the control of the Official Receiver and that under the composition revests in the bankrupt or the bankruptcy trustee.

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Source: Kenya Law