Law of Property Act 1925 (c. 20)

Part XI E+W Miscellaneous

Miscellaneous E+W

181 Dissolution of a corporation. E+W

[F1 (1)] Where, by reason of the dissolution of a corporation either before or after the commencement of this Act, a legal estate in any property has determined, the court may by order create a corresponding estate and vest the same in the person who would have been entitled to the estate which determined had it remained a subsisting estate.

[F2 (2) The county court has jurisdiction under this section where the amount or value of the property or of the interest in the property which is to be dealt with in the court does not exceed [F3 £30,000]]

Textual Amendments

F1 S. 181 renumbered as subsection (1) of that section by County Courts Act 1984 (c. 28, SIF 34), s. 148(1), Sch. 2 Pt. II para. 7(1)

F2 S. 181(2) added by County Courts Act 1984 (c. 28, SIF 34), s. 148(1), Sch. 2 Pt. II para. 7(2)

F3 Words in s. 181(2) substituted (1.7.1991) by S.I. 1991/724, art. 2(8), Sch. Pt.I (with art. 12)

Modifications etc. (not altering text)

C1 S. 181 modified by County Courts Act 1984 (c. 28, SIF 34), s. 24(2)(c)

C2 S. 181 extended (1.7.1991) by S.I. 1991/724, art. 2(3)(a) (with art. 12)