# Insolvency Act 1986, Section 247: “Insolvency” and “go into liquidation”.

Extent: E+W+S

(1) In this Group of Parts, except in so far as the context otherwise requires, “insolvency”, in relation to a company, includes the coming into force of a moratorium for the company under Part A1, the approval of a voluntary arrangement under Part I, or the appointment of an administrator or administrative receiver.
(2) For the purposes of any provision in this Group of Parts, a company goes into liquidation if it passes a resolution for voluntary winding up or an order for its winding up is made by the court at a time when it has not already gone into liquidation by passing such a resolution.
(3) The reference to a resolution for voluntary winding up in subsection (2) includes a reference to a resolution which is deemed to occur by virtue of—
(a) paragraph 83(6)(b) of Schedule B1, ...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/247 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-247
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.