F222[[F1Scottish Homes’]] power to petition for winding up.S
(1)[F3Scottish Homes] may present a petition for the winding up under the Companies Act of a registered housing association F4. . .
[F5(a)]on the ground that the association is failing properly to carry out its purposes or objects [F6or
(b)on the ground that the association is unable to pay its debts within the meaning of section 518 of the Companies Act 1985.]
F7(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in sidenote substituted (1.10.1996) by virtue of S.I. 1996/2325, art. 5(1), Sch. 2 para. 15(6)
F2S. 22 repealed (E.W.) (1.10.1996) by 1996 c. 52, ss. 227, 232, Sch. 19 Pt. I; S.I. 1996/2402, art. 3 (subject to transitional provisions and savings in Sch.)
F3Words in s. 22(1) substituted (1.10.1996) by S.I. 1996/2325, art. 5(1), Sch. 2 para. 15(6)
F4Words in s. 22(1) repealed (1.10.1996) by S.I. 1996/2325, art. 4(1), Sch. 1 Pt. II (with art. 4(2)(3))
F5 “(a)” inserted by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. I para. 16
F6 “or” and s. 22(1)(b) added by Housing Act 1988 (c. 50, SIF 61), s. 59(2)(3)(4), Sch. 6 Pt. I para. 16
F7S. 22(2) repealed (1.10.1996) by 1996 c. 52, s. 227, Sch. 19 Pt. I; S.I. 1996/2402, art. 3 (subject to transitional provisions and savings in Sch.)