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Part 1E+WCommonhold

Termination: voluntary winding-upE+W

43 Winding-up resolutionE+W

(1)A winding-up resolution in respect of a commonhold association shall be of no effect unless—

(a)the resolution is preceded by a declaration of solvency,

(b)the commonhold association passes a termination-statement resolution before it passes the winding-up resolution, and

(c)each resolution is passed with at least 80 per cent. of the members of the association voting in favour.

(2)In this Part—