# Banking Act 2009, Section 119: Exclusion of other procedures


(1) The following paragraphs of Schedule B1 to the Insolvency Act 1986 (administration) apply to a bank insolvency order as to an administration order.
(2) Those paragraphs are—
(a) paragraph 40 (dismissal of pending winding-up petition), and
(b) paragraph 42 (moratorium on insolvency proceedings).
(3) For that purpose—
(a) a reference to an administration order is a reference to a bank insolvency order,
(b) a reference to a company being in administration is a reference to a bank being in bank insolvency, and
(c) a reference to an administrator is a reference to a bank liquidator.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/119 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-119
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.