The Presidency – Towns Insolvency Act,1909
Section 61. Vesting and transfer of property
1[Vesting and transfer of property. The property of the insolvent shall pass from official assignee to official assignee, and shall vest in the official assignee for the time being during his continuance in office, without any transfer whatever.
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1. In the application of the Act to Bombay and Madras, this section has been repealed: see the Presidency – Towns Insolvency (Bombay Amendment) Act,1933 (Bom.20 of 1933), s.11 and Sch.I and the Presidency – Towns Insolvency (Madras Amendment) Act,1943 (Mad.5 of 1943), s.2.