# The Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008, Introduction: Introductory text


BANKS AND BANKING
Made at 9.27 a.m. on 7th October 2008
Laid before Parliament at 12.30 p.m. on 7th October 2008
Coming into force at 9.30 a.m. on 7th October 2008
It appears to the Treasury to be desirable to make this Order for the following purpose:
maintaining the stability of the UK financial system in circumstances where the Treasury consider that there would be a serious threat to its stability if the Order were not made.
The Treasury, in exercise of the powers conferred by sections 6, 12, 13(2) of and Schedule 2 to the Banking (Special Provisions) Act 2008, make the following Order:

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Source: https://www.legislation.gov.uk/uksi/2008/2644/introduction (the official version)
Page: https://openlegislation.uk/heritable-bank-plc-transfer-of-certain-rights-and-liabilities-order-2008/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.