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The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008

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Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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3. The following provisions of the Insolvency Act 1986—

(a)section 214 (wrongful trading);

(b)section 249 (“connected” with a company).

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