Part 31U.K.Dissolution and restoration to the register

Chapter 2U.K.Property of dissolved company

Effect of Crown disclaimer: England and Wales and Northern IrelandU.K.

1015General effect of disclaimerU.K.

(1)The Crown's disclaimer operates so as to terminate, as from the date of the disclaimer, the rights, interests and liabilities of the company in or in respect of the property disclaimed.

(2)It does not, except so far as is necessary for the purpose of releasing the company from any liability, affect the rights or liabilities of any other person.