The Bank Insolvency Rules (Northern Ireland) 2009 No. 64

PART 21 DECLARATION AND PAYMENT OF DIVIDEND

Preliminary

245.—(1) The rules in this Part relate to the declaration and payment of dividends in a bank insolvency.

(2) In this part—

(a) “creditors” means those creditors of the bank of whom the bank liquidator is aware, or who are identified in the bank’s statement of affairs,

(b) “the insolvent” means the bank.