# The Building Society Insolvency (Scotland) Rules 2010, Rule 56: Power of court to set aside certain transactions

Extent: S

(1) Apply rule 4.38 of the 1986 Rules.
(2) In rule 4.38(2) of that Rule—
(a) leave out “either”;
(b) leave out “or” at the end of sub-paragraph (a); and
(c) after sub-paragraph (b) insert—
“, or (c) it is shown to the court’s satisfaction that the transaction was entered into by the building society liquidator for the purpose of achieving Objective 1.”.

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Source: https://www.legislation.gov.uk/uksi/2010/2584/rule/56 (the official version)
Page: https://openlegislation.uk/building-society-insolvency-scotland-rules-2010/rule-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.