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Part 2 E+W+S+N.I.Bank Insolvency

Annotations:

Modifications etc. (not altering text)

C1Pt. 2 applied (with modifications) by 1986 c. 53, s. 90C (as inserted (29.3.2009) by Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), art. 2)

C5Pt. 2: amendment to earlier affecting provision SI 2009/805, Sch. 1 (7.4.2010) by Building Societies (Insolvency and Special Administration) (Amendment) Order 2010 (S.I. 2010/1189), arts. 1(2), 2

Tenure of bank liquidatorE+W+S+N.I.

112ReplacementE+W+S+N.I.

(1)Where a bank liquidator vacates office the Bank of England must as soon as is reasonably practicable appoint a replacement bank liquidator.

(2)But where a bank liquidator is removed by resolution of a meeting of creditors under section 109—

(a)a replacement may be appointed by resolution of the meeting, and

(b)failing that, subsection (1) above applies.

Annotations:

Commencement Information

I1S. 112 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 2