Building Societies Act 1986

[F1 89A. Building society insolvency as alternative order U.K.

(1) On a petition for a winding up order or an application for an administration order in respect of a building society the court may, instead, make a building society insolvency order (under section 94 of the Banking Act 2009 as applied by section 90C below).

(2) A building society insolvency order may be made under subsection (1) only—

(a) on the application of the [F2 appropriate authority] made with the consent of the Bank of England, or

(b) on the application of the Bank of England.]

Textual Amendments

F1 S. 89A inserted (29.3.2009) by The Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), art. 5

F2 Words in s. 89A(2)(a) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 34 (with Sch. 12)