Section 55 reproduces in modern form the existing provision whereby the title to any property sold in bankruptcy is not invalidated by reason only of a defect in any proceedings under the Bill. This provision is designed to preserve from challenge the title to any property sold under a bankruptcy as a consequence of any defect in the bankruptcy proceedings. It is based on section 323 of the Bankruptcy Act, 1857.
SECTION 55.
Question proposed: "That section 55 stand part of the Bill."
Question put and agreed to.