Dissolution of the Corporation and BoardU.K.
11 Dissolution of the Corporation and Board.U.K.
(1)The Corporation and Board shall continue in existence after the appointed day until dissolved in accordance with subsection (2) below; and in relation to each of those bodies the period of its continued existence after the appointed day is referred to in this Act as “the transitional period”.
(2)If in the case of either of those bodies the Secretary of State is satisfied that nothing further remains to be done by it under Schedule 3 to this Act, he may, after consulting that body and the successor company, by order dissolve that body on a day specified in the order.
Commencement Information
I1S. 11 wholly in force at 6.1.1992 see ss. 1(1), 18(2) and S.I. 1991/2721, art.2