[F15.—(1) An authorisation under this Schedule in respect of an individual shall terminate if—E+W+S
(a)he dies;
(b)is adjudged bankrupt or, in Scotland, has his estate sequestrated; or
(c)becomes a patient within the meaning of Part VII of the Mental Health Act 1983 or, in Scotland, becomes incapable of managing his own affairs.
(2) An authorisation under this Schedule in respect of a firm shall terminate if the firm is dissolved or if all the partners are adjudged bankrupt.
(3) An authorisation under this Schedule in respect of a company shall terminate if—
(a)the company goes into liquidation or an administration order is madein relation to it;
(b)a receiver or manager of the trade or business of the company is appointed; or
(c)possession is taken by or on behalf of the holders of any debenture secured by a floating charge, or any property of the company comprised in or subject to the charge, occurs.]
Textual Amendments
F1Sch. 3B inserted (1.8.1992) by The Road Vehicles (Construction and Use) (Amendment) (No. 2) Regulations 1992 (S.I. 1992/422), regs. 1(2), 5(2), Sch.