40 Initial notice to be given to [F1the Welsh Ministers].E+W
(1)Notice must be given to [F1the Welsh Ministers] before any of the steps mentioned below is taken in relation to a registered social landlord.
The person by whom the notice must be given is indicated in the second column.
(2)Where the registered social landlord is [F2a registered society], the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step. |
Presenting a petition for the winding up of the landlord. | The petitioner. |
Passing a resolution for the winding up of the landlord. | The landlord. |
(3)Where the registered social landlord is [F3a company] (including a registered charity), the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step. |
Applying for an administration order. | The applicant. |
Presenting a petition for the winding up of the landlord. | The petitioner. |
Passing a resolution for the winding up of the landlord. | The landlord. |
(4)Where the registered social landlord is a registered charity (other than [F3a company] ), the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step. |
F4(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)Any step purportedly taken without the requisite notice being given under this section is ineffective.
[F5(7)Subsections (8) and (9) apply in relation to the reference in subsection (3) to applying for an administration order.
(8)In a case where an administrator is appointed under paragraph 14 or 22 of Schedule B1 to the Insolvency Act 1986 (appointment by floating charge holder, company or directors)—
(a)the reference includes a reference to appointing an administrator under that paragraph, and
(b)in respect of an appointment under either of those paragraphs the reference to the applicant shall be taken as a reference to the person making the appointment.
(9)In a case where a copy of a notice of intention to appoint an administrator under either of those paragraphs is filed with the court—
(a)the reference shall be taken to include a reference to the filing of the copy of the notice, and
(b)in respect of the filing of a copy of a notice of intention to appoint under either of those paragraphs the reference to the applicant shall be taken as a reference to the person giving the notice.]
Textual Amendments
F1Words in Pt. I substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 61(7), 325(1); S.I. 2010/862, art. 2 (with Sch.)
F2Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 56 (with Sch. 5)
F3Words in s. 40(3)(4) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 161(2)(b) (with art. 10)
F4S. 40(5) omitted (15.8.2018) by virtue of The Regulation of Registered Social Landlords (Wales) Act 2018 (Consequential Amendments) Regulations 2018 (S.I. 2018/870), regs. 1(2), 3
F5S. 40(7)-(9) added (15.9.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 17 para. 51 (with s. 249(1)-(3)); S.I. 2003/2093, art. 2(1), Sch. 1 (with art. 3)