There are outstanding changes not yet made by the legislation.gov.uk editorial team to Commonhold and Leasehold Reform Act 2002. Any changes that have already been made by the team appear in the content and are referenced with annotations.
(1)This section applies where a commonhold association—
(a)has passed a winding-up resolution and a termination-statement resolution with 100 per cent. of the members of the association voting in favour, and
(b)has appointed a liquidator under section 91 of the Insolvency Act 1986 (c. 45).
(2)The liquidator shall make a termination application within the period of six months beginning with the day on which the winding-up resolution is passed.
(3)If the liquidator fails to make a termination application within the period specified in subsection (2) a termination application may be made by—
(a)a unit-holder, or
(b)a person falling within a class prescribed for the purposes of this subsection.
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