Acts Online
GT Shield

Insolvency Act, 1936 (Act No. 24 of 1936)

7. Withdrawal of notice of surrender

 

(1) A notice of surrender published in the Gazette may not be withdrawn without the written consent of the Master.

 

(2) A person who has published a notice of surrender in the Gazette may apply to the Master for his consent to the withdrawal of the notice, and if it appears to the Master that the notice was published in good faith and that there is good cause for its withdrawal, he shall give his written consent thereto. Upon the publication, at the expense of the applicant, of a notice of withdrawal and of the Master's consent thereto, in the Gazette and in the newspaper in which the notice of surrender appeared, the notice of surrender shall be deemed to have been withdrawn.