# The Building Society Insolvency (Scotland) Rules 2010, Rule 51: Replacement building society liquidator

Extent: S

(1) Where the building society liquidator vacates office for any reason (including death) other than by removal by a meeting of creditors in accordance with rule 37, the Bank of England shall appoint a new building society liquidator as soon as practicable.
(2) Where a building society liquidator has been removed by a meeting of creditors and no resolution has been passed by that meeting to appoint a new building society liquidator, the Bank of England shall appoint a new building society liquidator as soon as practicable.
(3) The Bank of England shall lodge in court the document appointing the new building society liquidator (“the certificate of appointment ”) together with statements to the effect that the new building society liquidator—
(a) is qualified to act as an insolvency practitioner in accordance with section 390 of the Insolvency Act; and
(b) consents to act as the building society liquidator.
(4) The Bank of England shall send a copy of the certificate of appointment to the building society.
(5) The building society liquidator shall forward a copy of the certificate of appointment to the appropriate regulator and the Accountant in Bankruptcy.

---
Source: https://www.legislation.gov.uk/uksi/2010/2584/rule/51 (the official version)
Page: https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.