INSOLVENCY No. 7/2018 Cap.6:07 Section 27. 28. 29. 30. 31. 32. 33. Collusive dealings for prejudicial disposition of property. Application of sections 22, 24 and 25 to certain debtors. Attachment of property in possession of associate. Certain rights not affected by improper disposition. Set-off. Payment of debt to debtor after liquidation. Institution of proceedings on behalf of insolvent estate. PART VIII EFFECT oF LIQUIDATION UPON CERTAIN CoNTRACTs 34. 35. 36. 37. 38. 39. 40. Uncompleted acquisition of immovable property by debtor. Transactions on an exchange. Agreements providing for termination and netting. Effect of liquidation of estate of seller under reservation of ownership contract. Goods purchased not on credit but not paid for. Effect of liquidation upon lease. Effect of liquidation on contract of service. PART IX APPOINTMENT OF LIQUIDATOR 41. Appointment of liquidator. PART X PowERS AND DunEs OF LIQUIDATORS 42. Liquidator to serve first liquidation order on debtor and attach property belonging to insolvent estate. 43. Debtor to hand over books to liquidator and submit statement of affairs to Master and liquidator. 44. Liquidator may obtain search warrant. 45. Registration of name and address with liquidator. 46. Liquidator's report. 47. Recovery of debts due to estate. 48. Remuneration of liquidator. 49. General duties and powers of liquidator. PART XI MEETINGS AND EXAMINATION OF DEBTOR AND OTHER PERSONS 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. First meeting of creditors. Special meeting of creditors. Creditors' committee. General provisions relating to meetings of creditors. Voting at meeting of creditors. Debtor and other persons to attend meetings of creditors. Summons to attend meeting of creditors and notice to produce document. Examination of debtor and other persons. Examination by commissioner. Liquidator may put written questions or call for accounts, books, documents, records or information. Examination by or on behalf of the Master. Enforcing summons and giving of evidence. Suspected commission of offence must be reported to Commissioner of Police. Proof of record of proceedings of meetings of creditors. 192

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