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Water Act 1989

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This is the original version (as it was originally enacted).

24Restriction on winding-up etc. of water or sewerage undertaker

(1)Where a company holds an appointment under this Chapter—

(a)the company shall not be wound up voluntarily;

(b)no administration order shall be made in relation to the company under Part II of the Insolvency Act 1986; and

(c)no step shall be taken by any person to enforce any security over the company’s property except where that person has served fourteen days' notice of his intention to take that step on the Secretary of State and on the Director.

(2)On an application made to any court for the winding up of a company which holds an appointment under this Chapter—

(a)the court shall not make a winding-up order in relation to the company; but

(b)if the court is satisfied that it would be appropriate to make such an order if the company were not a company holding such an appointment, it shall, instead, make an order under section 23 above in relation to the company.

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