Part 1Bankruptcy
The trustee in the sequestration
11Statutory meeting and election of trustee
1
Section 21 of the 1985 Act (requirement to call statutory meeting) is repealed.
2
In section 21A of that Act (calling of statutory meeting where interim trustee is Accountant in Bankruptcy)—
a
in subsection (1), the words from “where” to “Bankruptcy”, are repealed; and
b
the heading to that section becomes “
Calling of statutory meeting
”
.
3
The heading to section 23 of that Act becomes “
Proceedings at statutory meeting before trustee vote
”
.
4
In section 24 of that Act (election of permanent trustee)—
a
in subsection (1), for the words “the election of the permanent trustee” substitute
a vote at which they shall—
a
confirm the appointment of the trustee appointed under section 2 of this Act (referred to in this section and in sections 25 to 27 of this Act as the “original trustee”); or
b
elect another person as the trustee in the sequestration (referred to in this section and in sections 13 and 25 to 29 of this Act as the “replacement trustee”),
such a vote being referred to in this Act as a “trustee vote”.
b
the heading to that section becomes “
Trustee vote
”
.
5
In section 25 of that Act (confirmation of permanent trustee)—
a
before subsection (1) insert—
A1
This section applies where a replacement trustee is elected by virtue of a trustee vote.
b
the heading to that section becomes “
Appointment of replacement trustee
”
.
6
Schedule 2 to that Act (adaptation of procedure etc. where permanent trustee not elected) is repealed.