OpenLegislation

Section 11 Private sector purchaserI1

(1)

The first stabilisation option is to sell all or part of the business of the bank to a commercial purchaser.

(2)

For that purpose the Bank of England may make—

(a)

one or more share transfer instruments;

(b)

one or more property transfer instruments.

Annotations

Commencement

I1

S. 11 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1