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Rule 253 Costs, expenses, etc.I1

England and Wales

(1)

All fees, costs, charges and other expenses incurred in the course of building society insolvency, except for any money paid by the FSCS to eligible depositors in pursuance of Objective 1, and any expense incurred by the FSCS in this process, are to be regarded as expenses of the building society insolvency.

(2)

The costs associated with the prescribed part (within the meaning of section 176A of the Insolvency Act) shall be paid out of that prescribed part.

Annotations

Commencement

I1

Rule 253 in force at 15.11.2010, see rule 1