This section applies where the court makes an order by virtue of section 6(6)(c) or 40(3)(d) for all the land in relation to which a commonhold association exercises functions to cease to be commonhold land.
The court shall have the powers which it would have if it were making a winding-up order in respect of the commonhold association.
A person appointed as liquidator by virtue of subsection (2) shall have the powers and duties of a liquidator following the making of a winding-up order by the court in respect of a commonhold association.
But the order of the court by virtue of section 6(6)(c) or 40(3)(d) may—
require the liquidator to exercise his functions in a particular way;
impose additional rights or duties on the liquidator;
modify or remove a right or duty of the liquidator.