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Rule 87 Appointment to be advertised and registered

Original text. Later amendments are not shown.

(1)

This rule applies where the building society liquidator is appointed by a meeting of the creditors or by the Bank of England under rule 107.

(2)

The building society liquidator shall, after receiving the certificate of appointment, as soon as reasonably practicable give notice of that appointment.

(3)

The notice in paragraph (2)—

(a)

shall be gazetted; and

(b)

may be advertised in such other manner as the building society liquidator thinks fit.

(4)

The expense of giving notice under this rule shall be borne in the first instance by the building society liquidator, but the building society liquidator is entitled to be reimbursed as an expense of the building society insolvency.

(5)

The building society liquidator shall immediately notify his appointment to the appropriate regulator.