PART 11COLLECTION AND DISTRIBUTION OF BANK’S ASSETS BY BANK LIQUIDATOR

General duties of bank liquidatorI1136

Apply rule 4.188 of the 1991 Rules.

Annotations:
Commencement Information
I1

Rule 136 in operation at 1.4.2009, see rule 1(1)

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.

Annotations:
Commencement Information
I2

Rule 137 in operation at 1.4.2009, see rule 1(1)

Manner of distributing assetsI3138

Apply rule 4.189 of the 1991 Rules.

Annotations:
Commencement Information
I3

Rule 138 in operation at 1.4.2009, see rule 1(1)

Debts of insolvent company to rank equallyI4139

Apply rule 4.190 of the 1991 Rules.

Annotations:
Commencement Information
I4

Rule 139 in operation at 1.4.2009, see rule 1(1)

Supplementary provisions as to dividendI5140

Apply rule 4.191 of the 1991 Rules.

Annotations:
Commencement Information
I5

Rule 140 in operation at 1.4.2009, see rule 1(1)

Division of unsold assetsI6141

Apply rule 4.193 of the 1991 Rules.

Annotations:
Commencement Information
I6

Rule 141 in operation at 1.4.2009, see rule 1(1)

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”.

Annotations:
Commencement Information
I7

Rule 142 in operation at 1.4.2009, see rule 1(1)

Enforced delivery up of company’s propertyI8143

Apply rule 4.195 of the 1991 Rules.

Annotations:
Commencement Information
I8

Rule 143 in operation at 1.4.2009, see rule 1(1)

Final distributionI9144

1

Apply rule 4.196 of the 1991 Rules.

2

In paragraphs (1) and (2) for “Part 11”, substitute “Part 21”.