Bankruptcy and Insolvency Act
Marginal note:Power of court to annul bankruptcy
Marginal note:Effect of annulment of bankruptcy
(2) Where an order is made under subsection (1), all sales, dispositions of property, payments duly made and acts done theretofore by the trustee or other person acting under his authority, or by the court, are valid, but the property of the bankrupt shall vest in such person as the court may appoint, or, in default of any appointment, revert to the bankrupt for all the estate or interest of the trustee therein on such terms and subject to such conditions, if any, as the court may order.
- R.S., c. B-3, s. 151
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