# Banking Act 2009, Section 48A: Creation of liabilities

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

(1) The provision that may be made by a property transfer instrument or order in reliance on section 33(1)(b), 42(3)(b), 42A(3)(b), 43(3)(b), 44(4)(c), 44A(3)(b), 44D(3)(b), 44E(3)(b), 45(3)(b) or 46(3)(b) includes provision for the creation of liabilities.
(2) The provision may be framed by reference to an agreement which has been or is to be entered into, or anything else which has been or is to be done, by any person (including a person other than the person making the instrument or order).

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/48A (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-48A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.