Section 654: Property of dissolved company to be bona vacantia.

Companies Act 1985 · 1985 c. 6View on legislation.gov.uk

Part XX: Winding Up of Companies Registered Under this Act or the Former Companies Acts — Chapter VI: Matters Arising Subsequent to Winding Up

When a company is dissolved, all property and rights whatsoever vested in or held on trust for the company immediately before its dissolution (including leasehold property, but not including property held by the company on trust for any other person) are deemed to be bona vacantia and—

accordingly belong to the Crown, or to the Duchy of Lancaster or to the Duke of Cornwall for the time being (as the case may be), and
vest and may be dealt with in the same manner as other bona vacantia accruing to the Crown, to the Duchy of Lancaster or to the Duke of Cornwall.

Except as provided by the section next following, the above has effect subject and without prejudice to any order made by the court under section 651 or 653.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.