At the first meeting creditors who have proved their claims may elect one or two trustees. The person who obtains a majority in number and in value of the votes of creditors entitled to vote and who voted at the meeting will be the person elected as trustee If one person obtains a majority of votes in value and another a majority of votes in number, both are deemed to have been elected trustees: if either declines the joint trusteeship, the other is deemed to have been elected sole trustee.4 If no trustee is elected at a meeting of creditors convened for the purpose of electing a trustee, and the estate is not vested at the time in a provisional trustee, the Master may appoint a trustee
Appointment of trustee
If a trustee was elected at a meeting at which the Master did not preside, the election is not valid unless it is confirmed by the Master. Save where the Master is obliged to decline to do so, the Master must confirm a person's election as trustee and appoint him as such when such person has given security to the Master's satisfaction for the proper performance of his duties as trustee: the Master effects the appointment by delivering to such person a certificate of appointment. On receipt of his certificate the trustee must notify his appointment and address in the Government Gazette.
