1015 General effect of disclaimer
Companies Act 2006 | Legislation

Effect of Crown disclaimer: England and Wales and Northern Ireland

1015  General effect of disclaimer

(1)     The Crown's disclaimer operates so as to terminate, as from the date of the disclaimer, the rights, interests and liabilities of the company in or in respect of the property disclaimed.

(2)     It does not, except so far as is necessary for the purpose of releasing the company from any liability, affect the rights or liabilities of any other person.

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