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Sale and Supply of Alcohol Act 2012

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

391: Voluntary administration and liquidation under Companies Act 1993

You could also call this:

"What happens when a community trust is closing down under the Companies Act 1993 rules"

If you are part of a community trust, some rules from the Companies Act 1993 apply to you. These rules are in Parts 15A, 16, and 17 of the Companies Act 1993. You follow these rules as if your community trust was a company.

When a community trust is being liquidated, some rules do not apply. Section 241(2)(a) and (b) of the Companies Act 1993 do not apply to you. Instead, the trustees can appoint a liquidator by making a resolution.

The rules for community trusts are a bit different from companies. You can find more information about these rules in the Companies Act 1993.

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

391Voluntary 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 community trust as if it were a company incorporated under that Act.

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

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