Part IV Winding Up of Companies Registered under the Companies Acts

Chapter VIII Provisions of General Application in Winding Up

Disclaimer (England and Wales only)

180 Land subject to rentcharge.

(1)

The following applies where, in consequence of the disclaimer under section 178 of any land subject to a rentcharge, that land vests by operation of law in the Crown or any other person (referred to in the next subsection as “the proprietor”).

(2)

The proprietor and the successors in title of the proprietor are not subject to any personal liability in respect of any sums becoming due under the rentcharge except sums becoming due after the proprietor, or some person claiming under or through the proprietor, has taken possession or control of the land or has entered into occupation of it.