Rule 88 Action following acceptance of resignationI1

This rule applies where a meeting is summoned to notify the creditors of the bank liquidator’s resignation

The meeting F1shall resolve whether to give the bank liquidator their release.

If the meeting resolves not to release the bank liquidator, the bank liquidator shall be given a copy of that resolution and rule 95 applies.

After the meeting the bank liquidator shall file the notice of his resignation in court and F3shall send copies of the notice to the Bank of England, F4the appropriate regulator and the registrar of companies.

The bank liquidator’s resignation is effective as from the date on which the court receives the notice of F5that resignation, and the court shall endorse that date on the notice.