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Sale and Supply of Alcohol Act 2012

Licensing trusts, community trusts, and other matters - Licensing trusts - Voluntary administration and liquidation

346: Voluntary administration and liquidation under Companies Act 1993

You could also call this:

"What happens when a licensing trust is in financial trouble and needs to close down or be managed by someone else"

If you are involved with a licensing trust, you need to know about voluntary administration and liquidation. Parts 15A, 16, and 17 of the Companies Act 1993 apply to a licensing trust, as if it were a company. You can find these parts at the Companies Act 1993, Parts 16, and 17.

When a licensing trust is being liquidated, some rules from the Companies Act 1993 do not apply. Specifically, section 241(2)(a) and (b) does not apply. Instead, the members of the trust can appoint a liquidator by making a resolution.

You can find more information about this by looking at the Companies Act 1993.

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Part 3Licensing trusts, community trusts, and other matters
Licensing trusts: Voluntary administration and liquidation

346Voluntary administration and liquidation under Companies Act 1993

  1. Parts 15A, 16, and 17 of the Companies Act 1993 apply, with any necessary modifications, to a licensing trust as if it were a company incorporated under that Act.

  2. However, section 241(2)(a) and (b) of the Companies Act 1993 does not apply to the liquidation of a licensing trust, and instead a liquidator may be appointed by a resolution of the members.

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