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Power of court to set aside certain transactions
This section has no associated Explanatory Memorandum
55.—(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 bank liquidator for the purpose of achieving Objective 1.”.
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