Article 245 PreliminaryI1

Northern Ireland

(1)

The rules in this Part relate to the declaration and payment of dividends in a bank insolvency.

(2)

In this part—

(a)

“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

(b)

“the insolvent” means the bank.

Annotations