802 Application of proceeds of sale under court order
802 Application of proceeds of sale under court order
Companies Act 2006 | Legislation

(1)     Where shares are sold in pursuance of an order of the court under section 801, the proceeds of the sale, less the costs of the sale, must be paid into court for the benefit of the persons who are beneficially interested in the shares.

(2)     A person who is beneficially interested in the shares may apply to the court for the whole or part of those proceeds to be paid to him.

(3)     On such an application the court shall order the payment to the applicant of—

(a)     the whole of the proceeds of sale together with any interest on them, or

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