# The Bank Insolvency (Scotland) Rules 2009, Article 55: Power of court to set aside certain transactions


(1) Apply rule 4.38 of the 1986 Rules.
(2) In rule 4.38(2) of that Rule –
(a) leave out “either”;
(b) leave out “or” at the end of sub-paragraph (a); and
(c) after sub-paragraph (b) insert–
“, or (c) it is shown to the court’s satisfaction that the transaction was entered into by the bank liquidator for the purpose of achieving Objective 1.”.

---
Source: https://www.legislation.gov.uk/uksi/2009/351/article/55 (the official version)
Page: https://openlegislation.uk/bank-insolvency-scotland-rules-2009/article-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.