27Death, incapacity, insolvency etc. of licence holderE+W
(1)A premises licence lapses if the holder of the licence—
(a)dies,
[F1(b)becomes a person who lacks capacity (within the meaning of the Mental Capacity Act 2005) to hold the licence,]
(c)becomes insolvent,
(d)is dissolved, or
(e)if it is a club, ceases to be a recognised club.
[F2(1A)A premises licence that authorises premises to be used for a licensable activity within section 1(1)(a) or (d) also lapses if the holder of the licence ceases to be entitled to work in the United Kingdom at a time when the holder of the licence is resident in the United Kingdom (or becomes so resident without being entitled to work in the United Kingdom).]
(2)This section is subject to sections 47 and 50 (which make provision for the reinstatement of the licence in certain circumstances).
(3)For the purposes of this section, an individual becomes insolvent on—
(a)the approval of a voluntary arrangement proposed by him,
(b)being [F3made] bankrupt or having his estate sequestrated, or
(c)entering into F4... a trust deed for his creditors.
(4)For the purposes of this section, a company becomes insolvent on—
(a)the approval of a voluntary arrangement proposed by its directors,
(b)the appointment of an administrator in respect of the company,
(c)the appointment of an administrative receiver in respect of the company, or
(d)going into liquidation.
(5)An expression used in this section and in the Insolvency Act 1986 (c. 45) has the same meaning in this section as in that Act.
Textual Amendments
F1S. 27(1)(b) substituted (1.10.2007) by Mental Capacity Act 2005 (c. 9), ss. 67(1), 68(1)-(3), Sch. 6 para. 46(2) (with ss. 27, 28, 29, 62); S.I. 2007/1897, art. 2
F2S. 27(1A) inserted (6.4.2017) by Immigration Act 2016 (c. 19), s. 94(1), Sch. 4 para. 5 (with Sch. 4 para. 34); S.I. 2017/380, reg. 2(b)
F3Word in s. 27(3)(b) substituted (6.4.2016) by The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481), reg. 1, Sch. 1 para. 18
F4Words in s. 27(3)(c) omitted (1.10.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(7), Sch. 6 para. 2(17) (with Sch. 6 para. 3); S.I. 2015/1732, art. 2(e)(i)