{
  "url": "https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-54",
  "json_url": "https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-54.json",
  "legislation": "uksi/2010/2584",
  "legislation_title": "The Building Society Insolvency (Scotland) Rules 2010",
  "legislation_url": "https://openlegislation.uk/building-society-insolvency-scotland-rules-2010",
  "path": "rule/54",
  "kind": "rule",
  "number": "54",
  "heading": "Resignation of the building society liquidator",
  "text": "(1) This rule applies where the building society liquidator was appointed by the court or by the Bank of England under rule 51.\n(2) The building society liquidator can only resign—\n(a) after the liquidation committee has passed a full payment resolution; and\n(b) with the consent of the Bank of England.\n(3) Before calling a meeting of creditors under rule 42 to receive notice of the building society liquidator’s resignation, the building society liquidator must write to the Bank of England notifying it of the intention to resign.\n(4) The Bank of England shall notify the building society liquidator in writing within 21 days as to whether it consents to the resignation. If the Bank of England does not consent to the resignation, it will set out its reasons in writing.\n(5) The building society liquidator, if not content with the Bank of England’s response above, may apply to the court for directions in relation to any particular matter in the building society insolvency.",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 54 in force at 15.11.2010, see rule 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2010/2584/rule/54",
    "retrieved_at": "2026-10-29T02:27:25.845964+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}