# Commonhold and Leasehold Reform Act 2002, Section 56: Release of reserve fund


Section 39(4) shall cease to have effect in relation to a commonhold association (in respect of debts and liabilities accruing at any time) if—
(a) the court makes a winding-up order in respect of the association,
(b) the association passes a voluntary winding-up resolution, or
(c) the court makes an order by virtue of section 6(6)(c) or 40(3)(d) for all the land in relation to which the association exercises functions to cease to be commonhold land.

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Source: https://www.legislation.gov.uk/ukpga/2002/15/section/56 (the official version)
Page: https://openlegislation.uk/commonhold-and-leasehold-reform-act-2002/section-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.