BANKRUPTCY ACT

Section 53: Sale of property out of Nigeria.

1979Section 53 of 143Federal Republic of Nigeria

Subject to any enactment relating to foreign exchange, where the bankrupt is possessed of any property out of Nigeria, the trustee shall require him to join in selling the same for the benefit of the creditors and to sign all necessary authorities, powers, deeds and documents for the purpose, and if and so often as the bankrupt refuses to do so he may be punished for a contempt of court.

Cite this section

Section 53, BANKRUPTCY ACT (1979).

https://repo.podus.ai/laws/bankruptcy-act/section/53/