PART 11COLLECTION AND DISTRIBUTION OF BANK’S ASSETS BY BANK LIQUIDATOR
General duties of bank liquidatorI1136
Apply rule 4.188 of the 1991 Rules.
General qualification on powersI2137
In exercising any power conferred on the bank liquidator by this Part before a full payment resolution has been passed, the bank liquidator shall exercise it consistently with Objective 1.
Manner of distributing assetsI3138
Apply rule 4.189 of the 1991 Rules.
Debts of insolvent company to rank equallyI4139
Apply rule 4.190 of the 1991 Rules.
Supplementary provisions as to dividendI5140
Apply rule 4.191 of the 1991 Rules.
Division of unsold assetsI6141
Apply rule 4.193 of the 1991 Rules.
General powers of the liquidatorI7142
1
Apply rule 4.194 of the 1991 Rules.
2
In paragraph (1) delete “under Article 142(1)(a), or”.
Enforced delivery up of company’s propertyI8143
Apply rule 4.195 of the 1991 Rules.
Final distributionI9144
1
Apply rule 4.196 of the 1991 Rules.
2
In paragraphs (1) and (2) for “Part 11”, substitute “Part 21”.