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Changes over time for: Section 247


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Version Superseded: 31/12/2020
Status:
Point in time view as at 01/12/2020. This version of this provision has been superseded.

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Changes to legislation:
Insolvency Act 1986, Section 247 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

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247“Insolvency” and “go into liquidation”.E+W+S
(1)In this Group of Parts, except in so far as the context otherwise requires, “insolvency”, in relation to a company, includes [the coming into force of a moratorium for the company under Part A1,] the approval of a voluntary arrangement under Part I, [or the appointment of an administrator or administrative receiver].
(2)For the purposes of any provision in this Group of Parts, a company goes into liquidation if it passes a resolution for voluntary winding up or an order for its winding up is made by the court at a time when it has not already gone into liquidation by passing such a resolution.
[(3)The reference to a resolution for voluntary winding up in subsection (2) includes a reference to a resolution which is deemed to occur by virtue of—
(a)paragraph 83(6)(b) of Schedule B1, or
(b)an order made following conversion of administration or a voluntary arrangement into winding up by virtue of [Article 51 of the EU Regulation].]
Textual Amendments
Modifications etc. (not altering text)
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