Part X Dissolution, Winding Up, Mergers and Transfer of Business
Dissolution and winding up
90EF1Disqualification of directors
1
In this section “the Disqualification Act” means the Company Directors Disqualification Act 1986.
2
In the Disqualification Act—
a
a reference to liquidation includes a reference to building society insolvency and a reference to building society special administration,
b
a reference to winding up includes a reference to making or being subject to a building society insolvency order and a reference to making or being subject to a building society special administration order,
c
a reference to becoming insolvent includes a reference to becoming subject to a building society insolvency order and a reference to becoming subject to a building society special administration order, and
d
a reference to a liquidator includes a reference to a building society liquidator and a reference to a building society special administrator.
3
For the purposes of the application of section 7(3) of the Disqualification Act (disqualification order or undertaking) to a building society which is subject to a building society insolvency order, the responsible office-holder is the building society liquidator.
4
For the purposes of the application of that section to a building society which is subject to a building society special administration order, the responsible office-holder is the building society special administrator.
5
In the application of this section to Northern Ireland, references to the Disqualification Act are to the Company Directors Disqualification (Northern Ireland) Order 2002 and the reference in subsection (3) to section 7(3) of the Disqualification Act is a reference to Article 10(4) of that Order (disqualification order or undertaking; and reporting provisions).