Commentary on the Sections The Crown Section 85: Bona vacantia
136.Registered estates and charges (and other property) pass to the Crown as bona vacantia where there is no other beneficial owner. The most common example is probably where a company has been dissolved and a registered estate or charge belonging to it beneficially has not been disposed of. In such a case the registered estate or charge is not destroyed (unlike when land escheats to the Crown on disclaimer) but vests in the Treasury Solicitor on behalf of Her Majesty or in the Duchies of Cornwall or Lancaster.
137.This section enables the Lord Chancellor to make rules about how the passing of a registered estate or charge as bona vacantia is to be dealt with for the purpose of this Act.