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Insolvency Amendment Act 6 of 1972

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6 of 1972

The Insolvency Amendment Act 6 of 1972 intends:

  • to amend the provisions of the Insolvency Act, 1936, so as:
    • to determine in greater detail the manner in which special meetings of creditors shall be convened;
    • to extend the classes of institutions where trustees may deposit or invest moneys belonging to insolvent estates;
    • to consolidate certain statutory provisions relating to preferent claims against insolvent estates;
    • to provide for the rehabilitation of an insolvent by emnxlon of time; and
    • to determine in greater detail the manner in which a record of transactions shall be kept; and 
  • to provide for incidental matters.

Amends

Commencement

8 March 1972

Amendments

Amended by Land Affairs Act 101 of 1987