# Commonhold and Leasehold Reform Act 2002, Section 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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Source: https://www.legislation.gov.uk/ukpga/2002/15/section/50 (the official version)
Page: https://openlegislation.uk/commonhold-and-leasehold-reform-act-2002/section-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.