# Insolvency Act 1986, Section 87


(1) In case of a voluntary winding up, the company shall from the commencement of the winding up cease to carry on its business, except so far as may be required for its beneficial winding up.
(2) However, the corporate state and corporate powers of the company, notwithstanding anything to the contrary in its articles, continue until the company is dissolved.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/87 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.