# The Building Societies (Insolvency and Special Administration) Order 2009, Paragraph 32: Multiple transfers


(1) In section 152 of the 2009 Act (property transfer from temporary public ownership), in subsection (1)—
(a) for paragraph (a) substitute—
“(a) make an order under section 85 (temporary public ownership) in respect of a building society, and”;
(b) in paragraph (b) for “(or from another bank which is or was in the same group as the bank)” substitute “(or from a bank which is or was in the same group as the building society”).
(2) Where the Treasury make an order under section 85 in respect of a building society, and later make a property transfer order from a bank which was in the same group as the building society, Part 3 of the 2009 Act, and any subordinate legislation made under that Part, applies to the transferor bank without the modifications made by section 90C of the Building Societies Act 1986 and this Order.

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Source: https://www.legislation.gov.uk/uksi/2009/805/schedule/1/paragraph/32 (the official version)
Page: https://openlegislation.uk/building-societies-insolvency-and-special-administration-order-2009/schedule-1/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.