# Banking Act 2009, Section 50: Sale to private sector purchaser

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

(1) This section applies if the Bank of England makes a share transfer instrument or a property transfer instrument in accordance with section 11(2).
(2) The Treasury shall make a compensation scheme order.
(3) An order made by virtue of subsection (2) may include a third party compensation order.
(4) In the case of a partial property transfer, an order made by virtue of subsection (2) must include a third party compensation order.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/50 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.