Page:Land Titles Ordinance (Cap. 585).pdf/47

LAND TITLES ORDINANCE :(b) directing that the estate of the deceased owner of registered land or a registered charge, or the deceased lessee of a registered long term lease shall be administered according to the law of bankruptcy, be entitled to be registered as the owner of the land or charge, or as the lessee of the lease, in the place of the bankrupt or deceased owner or lessee, with the addition after the English name of the trustee in bankruptcy of the words “as trustee of the property of ............. a bankrupt”, and with the addition after the Chinese name of the trustee in bankruptcy of the words “作為破產人...........的財產的受託人”.

(2) A trustee in bankruptcy who in that capacity is registered as the owner of registered land or a registered charge, or as the lessee of a registered long term lease shall—
 * (a) be subject to—
 * (i) any restrictions (including any rights) provided for in the Bankruptcy Ordinance (Cap. 6) or any other enactment; and
 * (ii) any interests subject to which the bankrupt or deceased owner of the land or charge or lessee of the lease held the land, charge or lease immediately prior to his bankruptcy or death;
 * (b) without prejudice to paragraph (a), for the purposes of any dealing in the land, charge or lease, have—
 * (i) unrestricted power of sale over the land, charge or lease;
 * (ii) all the rights conferred under this Ordinance or any other enactment on the owner of registered land or a registered charge, or the lessee of a registered long term lease, as the case may be, who has acquired the land, charge or lease for valuable consideration.

68. Transmission on liquidation

(1) Where a company is being wound up—
 * (a) the liquidator of the company shall present to the Registrar the resolution or order under which he holds his appointment as liquidator; and
 * (b) on the presentation of the resolution or order, the Registrar shall enter the appointment in the Title Register in respect of any registered land, registered charge or registered long term lease of which the company is the owner or lessee.

(2) An instrument executed by or on behalf of a company being wound up presented to the Registrar for registration after the appointment of the liquidator of the company has been entered in the Title Register shall—