Section 61: Vesting and transfer of property. The property of the insolvent shall pass from official
The Insolvancy (Karachi Division) Act, 1909 · General Laws · Legal status not independently verified
Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.
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361. Vesting and transfer of property. The property of the insolvent shall pass from official assignee to official assignee, and shall vest in the official assignee for the time being during his continuance in office, without any transfer whatever.
Effective date: 1909-01-01
Related sections
Section 60: Appropriation of portion of pay or other income to creditorsSection 62: Disclaimer of onerous propertySection 59: Seizure of property of insolventSection 63: Disclaimer of lease-holds. Subject always to such rules as may be made in this behalf,Section 58: Possession of property by official assigneeSection 64: Power to call on official assignee disclaim. The official assignee shall not be entitled to
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