Rule 95 Release of resigning or removed bank liquidatorI1

England and Wales

(1)

Apply rule 4.121 of the 1986 Rules.

(2)

In paragraph (1), for “accepted by” substitute “notified to”.

(3)

For rule 4.109 substitute “rule 88 of the F12009 Rules”.

(4)

In paragraph (3)—

(a)

in sub paragraph (a) for “receive his resignation” substitute “be notified of his resignation”; and

(b)

leave out “or” at the end of sub–paragraph (a) and at the end of sub–paragraph (b) insert—

“, or
(c)
the bank liquidator resigns, and the Bank of England has refused his release,”.

(5)

For paragraph (4) substitute—

“(4)
When the Secretary of State gives the release, he shall certify it accordingly, file the certificate in court and send a copy to the registrar of companies.”

Annotations

Textual amendments

F1: Words in rule 95(3) substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 40

Commencement

I1: Rule 95 in force at 25.2.2009, see rule 1