New Clause 390

Company Law Reform Bill [Lords] – in a Public Bill Committee at 1:45 pm on 20th July 2006.

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Effect of Crown disclaimer

‘(1) Where notice of disclaimer is executed under section (Crown disclaimer of property vesting as bona vacantia) as respects any property, that property is deemed not to have vested in the Crown under section (Property of dissolved company to be bona vacantia).

(2) The following sections contain provisions as to the effect of the Crown disclaimer—

sections (General effect of disclaimer (EW and NI)) to (Land subject to rentcharge) apply in relation to property in England and Wales or Northern Ireland;

sections (General effect of disclaimer (Sc)) to (Protection of persons holding under a lease (Sc)) apply in relation to property in Scotland.’.—[Margaret Hodge.]

Brought up, and added to the Bill.