Part 2Bank Insolvency
Tenure of bank liquidator
112Replacement
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.