{
  "url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-4/paragraph-26",
  "json_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-4/paragraph-26.json",
  "legislation": "uksi/2014/3348",
  "legislation_title": "The Bank Recovery and Resolution (No. 2) Order 2014",
  "legislation_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014",
  "path": "schedule/4/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": null,
  "text": "Section 550 (power of directors to allot shares etc: private company with only one class of shares) has effect as if—\n(a) the existing provision were subsection (1); and\n(b) after that provision there were inserted—\n“(2) In relation to a company which is a company under resolution for the purposes of Part 17 of the Bank Recovery and Resolution (No. 2) Order 2014, any provision in the company's articles which prohibits the directors from exercising the power referred to in subsection (1) is to be disregarded.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3348/schedule/4/paragraph/26",
    "retrieved_at": "2026-10-28T23:53:03.627932+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}