Section 11Part 0 —
Duty to give necessary information to third parties
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In the event of any person becoming bankrupt or making a composition or arrangement with his creditors or in the event of an order being made under section 66 of the Bankruptcy Law (1997 Revision), in respect of the estate of any person, or in the event of a winding up order being made, or a resolution for a voluntary winding up being passed, with respect to any company, or of a receiver or manager of the company's business or undertaking being duly appointed or of possession being taken by or on behalf of the holders of any debentures secured by a floating charge, of any property comprised in or subject to the charge, it shall be the duty of the bankrupt, debtor, personal representative of the deceased debtor or company, and, as the case may be, of the trustee in bankruptcy, trustee, liquidator, receiver or manager, or person in possession of the property to give at the request of any person claiming that the bankrupt, debtor, deceased debtor or company, is under a liability to him, such information as may be reasonably required by him for the purpose of ascertaining whether any rights have been transferred to and vested in him by this Law, and for the purpose of enforcing such rights, if any, and any contract of insurance insofar as it purports, whether directly or indirectly, to avoid the contract or to alter the rights of the parties thereunder upon the giving of any such information in the events aforesaid or otherwise to prohibit or to prevent the giving thereof in the said events, shall be of no effect.
If the information given to any person under subsection (1) discloses reasonable ground for supposing that there have or may have been transferred to him, under this Law, rights against any particular insurer, that insurer shall be subject to the same duty as is imposed by the said subsection on the persons therein mentioned.
The duty to give information imposed by this section shall include a duty to allow all contracts of insurance, receipts for premiums and other relevant documents in the possession or power of the person on whom the duty is so imposed to be inspected and copies thereof to be taken.
A person who, without reasonable excuse, fails to comply with this section, or wilfully makes any false statement in reply to any such request as aforesaid commits an offence and is liable on summary conviction to a fine of one thousand dollars.
Cross References
- Section 66 of Bankruptcy Law
Administration of estate