My bookmarksSign up free
Legal Services Act 2007

Legal Services Act 2007 Sch 16 para 112

Sch 16 para 112

In paragraph 25 of that Schedule (effect of supervening incapacity on contentious business agreements)— (a) for sub-paragraph (1)(b) substitute— (b) a relevant insolvency event occurs in relation to the body; (b) in sub-paragraphs (2) and (3)— (i) for “taxation” (in each place) substitute “ assessment ” , and (ii) for “taxing officer” (in each place) substitute “ costs officer ” , (c) in sub-paragraph (3) for “any officer” substitute “ any manager ” , and (d) after that sub-paragraph insert— (4) For the purposes of this paragraph a relevant insolvency event occurs in relation to a recognised body if— (a) a resolution for a voluntary winding-up of the body is passed without a declaration of solvency under section 89 of the Insolvency Act 1986; (b) the body enters administration within the meaning of paragraph 1(2)(b) of Schedule B1 to that Act; (c) an administrative receiver within the meaning of section 251 of that Act is appointed; (d) a meeting of creditors is held in relation to the body under section 95 of that Act (creditors' meeting which has the effect of converting a members' voluntary winding up into a creditors' voluntary winding up); (e) an order for the winding up of the body is made.

Read this section in the full act → · Open its part →

Read the official text ↗

Contains public sector information licensed under the Open Government Licence v3.0.

What to look at next