# The Road Vehicles (Construction and Use) Regulations 1986, Paragraph 5


(1) An authorisation under this Schedule in respect of an individual shall terminate if—
(a) he dies;
(b) is made bankrupt or, in Scotland, has his estate sequestrated; or
(c) becomes a person who lacks capacity (within the meaning of the Mental Capacity Act 2005 (c.9)) to carry on the activities covered by the authorisation or, in Scotland, becomes incapable of managing his own affairs.
(2) An authorisation under this Schedule in respect of a firm shall terminate if the firm is dissolved or if all the partners are adjudged bankrupt.
(3) An authorisation under this Schedule in respect of a company shall terminate if—
(a) the company goes into liquidation or enters administration;
(b) a receiver or manager of the trade or business of the company is appointed; or
(c) possession is taken by or on behalf of the holders of any debenture secured by a floating charge, or any property of the company comprised in or subject to the charge, occurs.

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Source: https://www.legislation.gov.uk/uksi/1986/1078/schedule/3B/paragraph/5 (the official version)
Page: https://openlegislation.uk/road-vehicles-construction-and-use-regulations-1986/schedule-3B/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.