Section 703 of Insolvency Act CAP 53: Incorporation of Official Receiver as a corporation sole

    

(1) The Official Receiver is, for the purpose of performing the functions imposed and exercising the powers to be conferred on the Official Receiver by or under this or any other Act, incorporated as a corporation sole with the corporate name "Official Receiver in Insolvency".
(2) As a corporation sole, the Official Receiver—
(a) has perpetual succession;
(b) is required to have an official seal;
(c) may bring proceedings, and be proceeded against in the Official Receiver's corporate name;
(d) subject to this Act, may acquire, hold and dispose of and otherwise deal with real and personal property;
(e) may do and be subjected to all other things that a body corporate may, by law, do and be subjected to and that are necessary for or incidental to the performance of the Official Receiver's functions.
(3) The Official Receiver may not employ staff, but the Cabinet Secretary may, subject to the approval of the National Treasury as to numbers and remuneration, appoint public officers to assist the Official Receiver and Deputy Official Receiver in performing their functions.
(4) All courts and persons acting judicially—
(a) shall take judicial notice of the seal of the corporation sole that has been affixed to any instrument or document; and
(b) shall, in the absence of evidence to the contrary, presume that the seal was properly affixed.
(5) The Official Receiver may—
(a) administer oaths and take statutory declarations; and
(b) appear in relevant legal proceedings and conduct examinations of persons in the course of those proceedings.


Disclaimer: This document is not to be taken as legal advise.

Enhance Your Research with Bookmarks and Annotations

Here's how you can use these features:

  • To bookmark this page, click the "Bookmark this Page" button below the document title.
  • To add an annotation, highlight text in the document and select "Add Annotation" from the toolbar that appears.
  • These features are great for organizing your research and keeping track of key information.
  • You can view and manage your bookmarks and annotations on your Bookmarks and Annotations page.

Cited By:



More Sections