Supplementary
Section 105: Cessation of management
195.Section 105 specifies the circumstances in which the company ceases to be entitled to exercise the right to manage. This will occur:
where the company wishes to cease exercising the right and all landlords agree;
because the company is wound up, enters receivership, becomes insolvent or is struck off;
where a manager appointed to replace the RTM company begins to act or where an order is made which withdraws the right to manage from the RTM company under Part 2 of the 1987 Act; or
where the company ceases to be a RTM company (which may happen, for example, because the company is used to purchase the freehold of the property).
