Bona vacantia is the rule under which property left in a dissolved company passes to the Crown.
It catches cash balances, property, and intellectual property that nobody thought to deal with before dissolution. Recovering it usually means paying to restore the company to the register first, which costs far more than distributing the assets properly would have.
Related terms
- Strike off — Strike off is the removal of a company from the register so that it ceases to exist, either voluntarily or compulsorily by Companies House.
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Statutory rules, then the Companies House register. Free, and no email required.
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