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The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
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The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Section 29 is up to date with all changes known to be in force on or before 26 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Article 29:
- Order revoked by 2023 c. 29 Sch. 1 Pt. 2
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- Order revoked by 2023 c. 29 Sch. 1 Pt. 2
Housing Act 1996U.K.
This section has no associated Explanatory Memorandum
29.—(1) The Housing Act 1996(1) is amended as follows.
(2) In section 44(4) (proposals as to ownership and management of landlord’s land)—
(a)omit the “or” at the end of paragraph (a);
(b)after paragraph (a) insert—
“(aa)an ordinary preferential debt of the landlord is to be paid otherwise than in priority to any secondary preferential debts that the landlord may have,”;
(c)in paragraph (b), for “his preferential debt” substitute “an ordinary preferential debt”;
(d)at the end of paragraph (b), insert—
“or
(c)a preferential creditor is to be paid a smaller proportion of a secondary preferential debt than another preferential creditor, except with the concurrence of the creditor concerned.”;
(e)after “references to preferential debts” insert “, ordinary preferential debts, secondary preferential debts”.
Commencement Information
I1Art. 29 in force at 1.1.2015, see art. 1(2)
(1)
1996 c.52. There are amendments to section 44 which are not relevant to this Order.
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