PART 5RESTORATION OF A CIO TO THE REGISTER
Restoration by the court34
1
On an application under this regulation the court may, if it considers it just to do so, order that a CIO is restored to the register.
2
An application may be made to restore a CIO—
a
that has been dissolved under Chapter 9 of Part 4 of the 1986 M1 Act, as it applies to CIOs; or
b
that is treated as having been dissolved under paragraph 84(6) of Schedule B1 to that Act, as it applies to CIOs.
3
An application may be made by—
a
the Commission;
b
any person who was a charity trustee of the CIO immediately prior to its dissolution;
c
any person having an interest in land in which the CIO had a superior or derivative interest;
d
any person having an interest in land or other property—
i
that was subject to rights vested in the CIO; or
ii
that was benefitted by obligations owed by the CIO;
e
any person who but for the CIO's dissolution would have had a contractual relationship with it;
f
any person who has a potential legal claim against the CIO;
g
any manager or trustee of a pension fund established for the benefit of employees of the CIO;
h
any person who was a member of the CIO immediately prior to its dissolution (or the personal representatives of such a person);
i
any person who was a creditor of the CIO at the time of its dissolution;
j
any former liquidator of the CIO; or
k
any other person appearing to the court to have an interest in the matter.
4
If the court orders that the CIO is restored to the register—
a
the Commission must restore the CIO to the register; and
b
the CIO is treated as restored to the register on delivery to the Commission of a copy of the court order.