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The Building Society Insolvency Rules (Northern Ireland) 2014
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Action following acceptance of resignation
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89.—(1) This rule applies where a meeting is summoned to notify the creditors of the building society liquidator’s resignation.
(2) The meeting shall resolve whether to release the building society liquidator.
(3) If the meeting resolves not to release the building society liquidator, the building society liquidator shall be given a copy of that resolution and rule 96 applies.
(4) After the meeting the building society liquidator shall file the notice of resignation in court and shall send copies of the notice to the Bank of England and the appropriate regulator.
(5) The building society liquidator’s resignation is effective as from the date on which the court receives the notice of that resignation, and the court shall endorse that date on the notice.
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