Introductory Text
PART 1
1.Citation and commencement
2.Interpretation: general
PART 2
3.Application of the Insolvency Act 1986 to CIOs
PART 3
4.Dissolution by Commission on application of CIO
5.Application for dissolution
6.Dissolution resolution
7.Notice to be given before dissolution
8.Application not to be made if CIO procedures not completed
9.Application not to be made if other procedures not completed
10.Restrictions following application for dissolution
11.Property received after making application for dissolution
12.Trustees to give notice of application for dissolution
13.Notice of application for dissolution: how to be given
14.Circumstances in which application must be withdrawn
15.Offences under the Companies Acts
16.Dissolution of CIO which is not in operation
17.Dissolution of CIO which is no longer a charity
18.Dissolution of CIO which is being wound up
19.Procedure for dissolution: delivery of letters and notices
20.Date of dissolution
21.Notice to be given of dissolution
22.Liabilities and powers unaffected by dissolution
PART 4
23.Vesting of property to official custodian on dissolution
24.Disposal of property vested in official custodian
25.Power of Commission to specify charitable purposes etc.
26.Power of Commission to make vesting order
27.Disclaimer of property by official custodian
28.Effect of a disclaimer by official custodian
29.Disclaimer of leaseholds
30.Power of court to make vesting order
31.Protection of persons holding under a lease
32.Land subject to rentcharge
PART 5 CIO
33.Restoration by Commission
34.Restoration by the court
35.Time limit for applying to court
36.Court order with directions
37.CIO’s name on restoration
38.Notification of restoration to the register
39.Effect of restoration
40.Property to vest in restored CIO
41.Accounts, reports and returns of restored CIO
Signature
SCHEDULE
APPLICATION OF THE INSOLVENCY ACT 1986 TO CIOS
Explanatory Note