OpenLegislation

Paragraph 15 Termination of process, &c.

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 114 of the 2009 Act (administration)—

(a)

in subsection (1), for “(under paragraph 38 of Schedule B1 to the Insolvency Act 1986)” substitute “(under section 9 of the Insolvency Act 1986 as applied in relation to building societies by section 90A of, and Schedule 15A to, the Building Societies Act 1986)”;

(b)

in subsection (4), for “the rescue of the bank as a going concern” substitute “the survival of the building society, and the whole or any part of its undertaking, as a going concern”.