1020 General effect of disclaimer
Companies Act 2006 | Legislation

Effect of Crown disclaimer: Scotland

1020  General effect of disclaimer

(1)     The Crown's disclaimer operates to determine, as from the date of the disclaimer, the rights, interests and liabilities of the company, and the property 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 and its property from liability) affect the rights or liabilities of any other person.

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