Commentary on the Sections: Part 1 Termination: voluntary winding-up
95.Sections 43-49 deal with the termination of a commonhold following from a voluntary winding up of the commonhold association, which might arise, for instance, from the decision to recognise the eventual demise of a building through old age, or from a particularly advantageous offer by a developer to buy the land.  The sections differentiate between terminations which are the result of unanimous resolutions (section 44) and those which are the result of majority votes (section  45).