# Banking Act 2009, Section 90: Overview


(1) This Part provides for a procedure to be known as bank insolvency.
(2) The main features of bank insolvency are that—
(a) a bank enters the process by court order,
(b) the order appoints a bank liquidator,
(c) the bank liquidator aims to arrange for the bank's eligible depositors to have their accounts transferred or to receive their compensation from the FSCS,
(d) the bank liquidator then winds up the bank, and
(e) for those purposes, the bank liquidator has powers and duties of liquidators, as applied and modified by the provisions of this Part.
(3) The Table describes the provisions of this Part.
Sections
Topic
Sections 90 to 93
Introduction
Sections 94 to 98
Bank insolvency order
Sections 99 to 105
Process of bank liquidation
Sections 106 to 112
Tenure of bank liquidator
Sections 113 to 116
Termination of process, &c.
Sections 117 to 122
Other processes
Sections 123 to 135
Miscellaneous

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/90 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.