Bankruptcy Act, 1988

Vesting in Official Assignee of certain money and securities.

(New)

47.—Notwithstanding any provision in any other enactment—

(a) money in the Post Office Savings Bank or in a trustee savings bank to which a bankrupt is entitled, or

(b) securities issued through An Post by the Minister for Finance under his statutory borrowing powers and to which a bankrupt is entitled,

shall, on the adjudication of the bankrupt, vest in the Official Assignee in the same manner as any other property.