876. Property of a dissolved company
Past version: effective from 14/06/2015 - 13/06/2015
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(1) When a company is dissolved, all property and rights whatsoever vested in or held on trust for the company immediately before its dissolution (but not including property held by the company on trust for another person) are deemed to be bona vacantia and—
(a) accordingly belong to the Board, and
(b) vest and may be dealt with in the same manner as other bona vacantia accruing to the Board.
(2) Subsection (1) has effect subject to the possible restoration of the company to the register under Chapter 3 (see section 892).