426 Winding up under the 1986 Act
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

Winding up in England and Wales and Scotland

426  Winding up under the 1986 Act

(1)     In this section “company” means any company which may be wound up under the 1986 Act.

[(2)     If an order for the winding up of a company is made or it passes a resolution for its voluntary winding up, the functions of the liquidator (or any provisional liquidator) are not exercisable in relation to the following property—

(a)     property for the time being subject to a restraint order which was made under section 41, 120 or 190 before the relevant time;

(b)     property for the time being detained under or by virtue of section 44A, 47J, 47K, 47M, 47P, 122A, 127J, 127K, 127M, 127P, 193A, 195J, 195K, 195M or 195P;

(c)     property in respect of which an order under section 50, 128(3) or 198 is in force;

(d)     property in respect of which an order under section 67A, 131A or 215A is in force.]

(3)

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