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Article 55 Securities of dissolved companies

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where a company has been wound up and the Accountant General has received:—

(i)

written notice from the liquidator or from the Department of Trade that no assets are or will be distributable in respect of the securities of the company; and

(ii)

written notice from the Registrar of the Companies Registration Office that the company has been dissolved;

he shall withdraw from the Bank the certificate representing any security in that company and shall write-off any such security from the account to which it stands.