1285.This section replaces section 655 of the 1985 Act with little change of substance. However, it makes new provision (subsection (3)) that, where a company’s property has passed to the Crown and been disposed of, the Crown, in reimbursing the newly restored company, may deduct the reasonable costs of sale which were incurred.
Commentary Part 31: Dissolution and Restoration to the Register Restoration to the register: supplementary provisions Section 1034: Effect of restoration to the register where property has vested a bona vacantia