Part 1Commonhold
Termination: winding-up by court
53 Transfer of responsibility
(1)
Where a succession order is made in relation to an insolvent commonhold association this section applies on the making of a winding-up order in respect of the association.
(2)
The successor commonhold association shall be treated as the commonhold association for the commonhold in respect of any matter which relates to a time after the making of the winding-up order.
(3)
On the making of the winding-up order the court may make an order requiring the liquidator to make available to the successor commonhold association specified—
(a)
records;
(b)
copies of records;
(c)
information.
(4)
An order under subsection (3) may include terms as to—
(a)
timing;
(b)
payment.