# The Bank Insolvency (England and Wales) Rules 2009, Rule 88: Action following acceptance of resignation

Extent: E+W

(1) This rule applies where a meeting is summoned to notify the creditors of the bank liquidator’s resignation
(2) The meeting shall resolve whether to give the bank liquidator their release.
(3) 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.
(4) After the meeting the bank liquidator shall file the notice of his resignation in court and shall send copies of the notice to the Bank of England, the appropriate regulator and the registrar of companies.
(5) The bank 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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Source: https://www.legislation.gov.uk/uksi/2009/356/rule/88 (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/rule-88
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.