Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada


Bankruptcy and Insolvency Act

Version of section 71 from 2004-12-15 to 2023-03-06:

Marginal note:Vesting of property in trustee

 On a bankruptcy order being made or an assignment being filed with an official receiver, a bankrupt ceases to have any capacity to dispose of or otherwise deal with their property, which shall, subject to this Act and to the rights of secured creditors, immediately pass to and vest in the trustee named in the bankruptcy order or assignment, and in any case of change of trustee the property shall pass from trustee to trustee without any assignment or transfer.

  • R.S., 1985, c. B-3, s. 71
  • 1997, c. 12, s. 67
  • 2004, c. 25, s. 44
Date modified: