688   Bankruptcy

(1)  If any person against whom a council has any claim or demand takes the benefit of any Act relating to bankruptcy or for the relief of insolvent debtors, the general manager may, in all proceedings:

(a)  against the estate of that bankrupt or insolvent person, or

(b)  under any adjudication, sequestration or act of bankruptcy or insolvency against or of that insolvent or bankrupt person,

      represent the council and act in its behalf in all respects as if the claim or demand were the claim or demand of the general manager.

(2)  If any company against which a council has any claim or demand is being or is wound up, the general manager may represent the council in all proceedings relating to the winding up and act on its behalf as if the claim or demand were the claim or demand of the general manager.