s.18Appointment of Receiver; the Receiver’s powers and duties
18
Section 18Part 5 — Appointment of Receiver

Appointment of Receiver; the Receiver’s powers and duties

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At any time after a petition has been filed the Court may order that the Trustee become the receiver or manager of the property or business of the debtor, or of any part thereof, and the Trustee shall thereon enter upon and act in the performance of the Trustee’s office in relation to such property or business at such time, and in such manner and to such extent, as the Court may, from time to time direct, and if directed by the Court, and so far as the nature of the case will admit, do anything which might be done by a Trustee after an absolute order for bankruptcy under this Act, and shall, in relation to and for the purpose of acquiring or retaining possession of the property of the debtor, and in addition to any powers given to the Trustee by this Act, be in the same position in all respects as if the Trustee were a receiver appointed by the Grand Court, and the Court may, on the Trustee’s application, enforce such acquisition and retention accordingly.

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