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Companies Act 2006

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Changes over time for: Section 1012

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Version Superseded: 08/12/2017

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Point in time view as at 06/04/2015. This version of this provision has been superseded. Help about Status

Changes to legislation:

Companies Act 2006, Section 1012 is up to date with all changes known to be in force on or before 06 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. Help about Changes to Legislation

1012Property of dissolved company to be bona vacantiaU.K.
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(1)When a company is dissolved, all property and rights whatsoever vested in or held on trust for the company immediately before its dissolution (including leasehold property, but not including property held by the company on trust for another person) are deemed to be bona vacantia and—

(a)accordingly belong to the Crown, or to the Duchy of Lancaster or to the Duke of Cornwall for the time being (as the case may be), and

(b)vest and may be dealt with in the same manner as other bona vacantia accruing to the Crown, to the Duchy of Lancaster or to the Duke of Cornwall.

(2)Subsection (1) has effect subject to the possible restoration of the company to the register under Chapter 3 (see section 1034).

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