Part 2Further education bodies: insolvency etc
CHAPTER 3Restrictions on use of normal insolvency procedures
I112Voluntary winding up
1
A further education body has no power to pass a resolution for voluntary winding up without the permission of the court.
2
Permission may be granted by the court only on an application made by the further education body.
3
The court may not grant permission unless—
a
notice of the application has been given to the appropriate national authority, and
b
a period of at least 14 days has elapsed since that notice was given.
4
If an education administration application is made in relation to the further education body after an application for permission under this section has been made but before it is granted, the court may exercise its powers under sections 19 and 20 (instead of granting permission).
5
In this section “a resolution for voluntary winding up” has the same meaning as in the Insolvency Act 1986.