# The Bank Insolvency (England and Wales) Rules 2009, Rule 247: Preliminary

Extent: E+W

(1) The rules in this Part relate to the declaration and payment of dividends in a bank insolvency.
(2) In this Part—
“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 and
“the insolvent” means the bank.

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Source: https://www.legislation.gov.uk/uksi/2009/356/rule/247 (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/rule-247
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.