Commonhold and Leasehold Reform Act 2002
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Change 1
50 Introduction
(1) Section 51 applies where a petition is presented under section 124 of the Insolvency Act 1986 for the winding up of a commonhold association by the court. (2) For the purposes of this Part— (a) an “insolvent commonhold association” is one in relation to which a winding-up petition has been presented under section 124 of the Insolvency Act 1986, (b) a commonhold association is the “successor commonhold association” to an insolvent commonhold association if the land specified for the purpose of section 34(1)(a) is the same for both associations, and (c) a “winding-up order” is an order under section 125 of the Insolvency Act 1986 for the winding up of a commonhold association.
50 Introduction
(1) Section 51 applies where a petition is presented under section 124 of the Insolvency Act 1986 for the winding up of a commonhold association by the court. (2) For the purposes of this Part— (a) an “insolvent commonhold association” is one in relation to which a winding-up petition has been presented under section 124 of the Insolvency Act 1986, (b) a commonhold association is the “successor commonhold association” to an insolvent commonhold association if the land specified for the purpose of section 34(1)(a) is the same for both associations, and (c) a “winding-up order” is an order under section 125 of the Insolvency Act 1986 for the winding up of a commonhold association.
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