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56Release of reserve fund

Section 39(4) shall cease to have effect in relation to a commonhold association (in respect of debts and liabilities accruing at any time) if—

(a)    the court makes a winding-up order in respect of the association,

(b)    the association passes a voluntary winding-up resolution, or

(c)    the court makes an order by virtue of section 6(6)(c) or 40(3)(d) for all the land in relation to which the association exercises functions to cease to be commonhold land.

NOTES
Initial Commencement
To be appointed

To be appointed: see s 181(1).
Real Property Law99 Commonhold99 Landlord & Tenant99

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