[F189A.Building society insolvency as alternative orderU.K.
(1)On a petition for a winding up order or an application for an administration order in respect of a building society the court may, instead, make a building society insolvency order (under section 94 of the Banking Act 2009 as applied by section 90C below).
(2)A building society insolvency order may be made under subsection (1) only—
(a)on the application of the [F2appropriate authority] made with the consent of the Bank of England, or
(b)on the application of the Bank of England.]
Textual Amendments
F1S. 89A inserted (29.3.2009) by The Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), art. 5
F2Words in s. 89A(2)(a) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 34 (with Sch. 12)