OpenLegislation

Paragraph 10 I1

England, Wales and Scotland

After section 84(2) (voluntary winding up) insert—

“(2A)

Before a company passes a resolution for voluntary winding up it must give written notice of the resolution to the holder of any qualifying floating charge to which section 72A applies.

(2B)

Where notice is given under subsection (2A) a resolution for voluntary winding up may be passed only—

(a)

after the end of the period of five business days beginning with the day on which the notice was given, or

(b)

if the person to whom the notice was given has consented in writing to the passing of the resolution.”.

Annotations

Commencement

I1

Sch. para. 10 in force at 15.9.2003, see art. 1(1)