Rule 91 Meeting of creditors to remove building society liquidatorI1

Apply rule 4.113 of the 1986 Rules.

In paragraph (1), for “section 174(4)” substitute “section 109 of the Banking Act 2009”.

In paragraph (2), for “official receiver” substitute “Bank of England and the F1appropriate regulator”.

For paragraph (4) substitute—

“(4)

Where the meeting passes a resolution that—

(a)

the building society liquidator be removed,

(b)

a new building society liquidator be appointed, or

(c)

the building society liquidator not be given their release,

the building society liquidator shall be given a copy of that resolution and if it has been resolved to remove the building society liquidator, the building society liquidator shall be given a certificate to that effect.”.

For paragraph (5) substitute—

“(5)

If the creditors have resolved to appoint a new building society liquidator, the certificate of that appointment shall also be sent to the appropriate regulator and rule 4.100 shall apply.”.