{
  "url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-120",
  "json_url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-120.json",
  "legislation": "ukpga/2015/26",
  "legislation_title": "Small Business, Enterprise and Employment Act 2015",
  "legislation_url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015",
  "path": "section/120",
  "kind": "section",
  "number": "120",
  "heading": "Exercise of powers by liquidator: removal of need for sanction",
  "text": "(1) The Insolvency Act 1986 is amended as follows.\n(2) In section 165 (voluntary winding up: powers of liquidator), for subsections (2) and (3) substitute—\n“(2) The liquidator may exercise any of the powers specified in Parts 1 to 3 of Schedule 4.”\n(3) In section 167 (winding up by the court: powers of liquidator), for subsection (1) substitute—\n“(1) Where a company is being wound up by the court, the liquidator may exercise any of the powers specified in Parts 1 to 3 of Schedule 4.”\n(4) In section 169 (supplementary powers (Scotland)), omit subsection (1).\n(5) In Part 2 of Schedule 3 (appeals from orders in Scotland: orders which take effect until matter disposed of by Inner House), omit the entry relating to orders under section 167 or 169.\n(6) In Schedule 4 (powers of liquidator in a winding up)—\n(a) in paragraph 3, omit “In the case of a winding up in Scotland,”,\n(b) omit paragraph 6A, and\n(c) omit the headings for each of Parts 1 to 3.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/26/section/120",
    "retrieved_at": "2026-10-29T09:06:47.994452+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}