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The Bank Insolvency Rules (Northern Ireland) 2009
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PART 11COLLECTION AND DISTRIBUTION OF BANK'S ASSETS BY BANK LIQUIDATOR
General duties of bank liquidator
136. Apply rule 4.188 of the 1991 Rules.
General qualification on powers
137. In exercising any power conferred on the bank liquidator by this Part before a full payment resolution has been passed, the bank liquidator shall exercise it consistently with Objective 1.
Manner of distributing assets
138. Apply rule 4.189 of the 1991 Rules.
Debts of insolvent company to rank equally
139. Apply rule 4.190 of the 1991 Rules.
Supplementary provisions as to dividend
140. Apply rule 4.191 of the 1991 Rules.
Division of unsold assets
141. Apply rule 4.193 of the 1991 Rules.
General powers of the liquidator
142. Apply rule 4.194 of the 1991 Rules. In paragraph (1) delete “under Article 142(1)(a), or”.
Enforced delivery up of company’s property
143. Apply rule 4.195 of the 1991 Rules.
Final distribution
144. Apply rule 4.196 of the 1991 Rules. In paragraphs (1) and (2) for “Part 11”, substitute “Part 21”.
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