# The Building Societies (Insolvency and Special Administration) Order 2009, Paragraph 22: Miscellaneous


In section 124 of the 2009 Act (transfer of accounts), after subsection (2) insert—
“(2A) The arrangements may—
(a) cancel shares in the building society;
(b) confer rights and impose liabilities in place of cancelled shares (whether by way of actual or deemed shares in a transferee building society or by way of other rights and liabilities in relation to a transferee bank).”.

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Source: https://www.legislation.gov.uk/uksi/2009/805/schedule/1/paragraph/22 (the official version)
Page: https://openlegislation.uk/building-societies-insolvency-and-special-administration-order-2009/schedule-1/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.