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Banking Act 2009
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13Temporary public ownership
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(1)The third stabilisation option is to take the bank into temporary public ownership.
(2)For that purpose the Treasury may make one or more share transfer orders in which the transferee is—
(a)a nominee of the Treasury, or
(b)a company wholly owned by the Treasury.
(3)The code of practice under section 5 must include provision about the management of banks taken into temporary public ownership under this section.
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