Law library · Sierra Leone · The Bankruptcy Act, 2009
Section 80, The Bankruptcy Act, 2009
Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone
(1) Subject to this Act, the trustee shall, in the administrationof the property of the bankrupt and in the distribution of the property
among his creditors have regard to any directions that may be given
by the creditors at any general meeting or by the committee of
inspection; and any directions so given by the creditors at any
general meeting shall, in case of conflict be deemed to override any
directions given by the committee of inspection.
Official name
appoint joint
or successive
trustees.
Proceedings in
case of
vacancy in
office of
trustees.
Discretionary
powers of
trustee and
control of
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(2) The trustee may, from time to time summon general
meetings of the creditors for the purpose of ascertaining their wishes,
and he shall summon meetings at such times as the creditors, by
resolution, either at the meeting appointing the trustee or otherwise
may direct; and it shall be lawful for any creditor, with the concurrence
of one-fourth in value of the creditors (including himself), at any time
to request the trustee or official receiver to call a meeting of the
creditors, and the trustee or official receiver shall call such meeting
accordingly within fourteen days.
(3) The person at whose instance the meeting is
summoned shall, if so required, deposit, with the trustee or the official
receiver, as the case may be, a sum sufficient to pay the costs of
summoning the meeting, such sum to be repaid to him out of the
estate if the court so directs.
(4) The trustee may apply to the court in the manner
prescribed for directions in relation to any particular matter arising
under the bankruptcy.
(5) Subject to this Act, the trustee shall use his discretion
in the management of the estate and its distribution among the
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