# Banking Act 2009, Section 107: Resignation

Extent: E+W+S+N.I.

(1) A bank liquidator may resign by notice to the court.
(2) Rules under section 411 of the Insolvency Act 1986 (as applied by section 125 below) may restrict a bank liquidator's power to resign.
(3) Resignation shall take effect in accordance with those rules (which shall include provision about release).

---
Source: https://www.legislation.gov.uk/ukpga/2009/1/section/107 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-107
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.