Deeds of Arrangement Act (Cap 84).

This Act provides with respect to deeds of arrangement regarding debt. A. deed of arrangement to which this Act applies shall include any instrument (a) made by, for or in respect of the affairs of a debtor for the benefit of his creditors generally; (b) made by, for or in respect of the affairs of a debtor who was insolvent at the date of the execution of the instrument for the benefit of any three or more of his creditors; otherwise than in pursuance of the law for the time being in force relating to bankruptcy. Instruments can be - (a) an assignment of property; (b) a deed of or agreement for a composition; and (c) in cases where creditors of the debtor obtain any control over his property or business- (i) a deed of inspectorship entered into for the purpose of carrying on or winding up a business; (ii) a letter of licence authorising the debtor or any other person to manage, carry on, realise or dispose of a business with a view to the payment of debts; and (iii) any agreement or instrument entered into for the purpose of carrying on or winding up the debtor's business, or authorising the debtor or any other person to manage, carry on, realise or dispose of the debtor's business with a view to the payment of his debts. "Property" includes money, goods, things in action, land and every description of property whether real or personal and whether situate in Zambia or elsewhere; and also obligations, easements, and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incidental to property as above defined. The Act also concerns validity of deeds of arrangement and their registration and execution.