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Regulation 18 Payment of unclaimed or undistributed assets, dividends or other money on dissolution of company

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

In the case of a company which has been dissolved, notwithstanding anything in these Regulations, any money in the hands of any or any former liquidator at the date of dissolution of the company or his earlier vacation of office, representing unclaimed or undistributed assets of the company or dividends or held by the company in trust in respect of dividends or other sums due to any person as a member or former member of the company, shall forthwith be paid by him into the Insolvency Services Account.