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Status:
Point in time view as at 21/02/2009.
Changes to legislation:
Banking Act 2009, Section 112 is up to date with all changes known to be in force on or before 26 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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112ReplacementU.K.
This section has no associated Explanatory Notes
(1)Where a bank liquidator vacates office the Bank of England must as soon as is reasonably practicable appoint a replacement bank liquidator.
(2)But where a bank liquidator is removed by resolution of a meeting of creditors under section 109—
(a)a replacement may be appointed by resolution of the meeting, and
(b)failing that, subsection (1) above applies.
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