Banking Act 2009

11Private sector purchaserU.K.
This section has no associated Explanatory Notes

(1)The first stabilisation option is to sell all or part of the business of the bank to a commercial purchaser.

(2)For that purpose the Bank of England may make—

(a)one or more share transfer instruments;

(b)one or more property transfer instruments.

Commencement Information

I1S. 11 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1