Deeds of Arrangement Act, 1887

Application of Act.

4.(1) This Act shall apply to every Deed of Arrangement, as defined in this section, made after the commencement of this Act.

(2) A Deed of Arrangement to which this Act applies shall include any of the following instruments, whether under seal or not, made by, for, or in respect of the affairs of a debtor for the benefit of his creditors generally (otherwise in pursuance of the law for the time being in force relating to bankruptcy), that is to say:—

(a) An assignment of property;

(b) A deed of or agreement for a composition;

And in cases where creditors of a debtor obtain any control over his property or business:—

(c) A deed of inspectorship entered into for the purpose of carrying on or winding up a business;

(d) A letter of licence authorising the debtor or any other person to manage, carry on, realise, or dispose of a business, with a view to the payment of debts; and

(e) Any agreement or instrument entered into for the purpose of carrying on or winding up the debtor’s business, or authorising the debtor or any other person to manage, carry on, realise, or dispose of the debtor’s business, with a view to the payment of his debts.