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3. Sections 53 to 55A of the 2004 Act (company ceasing to be a CIC and becoming a charity)(1) do not apply in relation to a CIC which has ceased to be a CIC by converting into a CIO.
Section 53 was amended by the Co-operative and Community Benefit Societies Act 2014 (c. 14), section 151(1) and Schedule 4, paragraphs 87 and 89; also amended by S.I. 2008/948; and S.I. 2009/1941. Sections 54, 54A, 54B, 54C, 55 and 55A were substituted by S.I. 2009/1941.
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