No versions valid at: 10/05/2000
Point in time view as at 10/05/2000. This version of this provision is not valid for this point in time.
Transport Act 2000, Section 26 is up to date with all changes known to be in force on or before 04 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.
Valid from 01/02/2001
(1)No licence company may be wound up voluntarily.
(2)No application may be made to a court for an administration order under Part II of the 1986 Act in relation to a licence company, and—
(a)anything purporting to be such an application is of no effect;
(b)no administration order may be made under that Part in relation to a licence company.
(3)No step may be taken by a person to enforce any security over the property of a licence company unless the person has given to the Secretary of State and the CAA at least 14 days’ notice of his intention to take the step.
(4)No application for the winding up of a licence company may be made by a person other than the Secretary of State unless the person has given to the Secretary of State and the CAA at least 14 days’ notice of his intention to make the application.
(5)In subsection (3) “security” and “property” have the same meanings as in Parts I to VII of the 1986 Act.
(6)In this section and sections 27 to 30—
(a)references to a licence company are to a company which holds a licence;
(b)references to the 1986 Act are to the M1Insolvency Act 1986.
Commencement Information
I1S. 26 wholly in force at 1.2.2001, see s. 275(1)(2) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)
Marginal Citations
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