PART 9 THE BUILDING SOCIETY LIQUIDATOR

CHAPTER 5 SUPPLEMENTARY PROVISIONS

Power of court to set aside certain transactions

113.—(1) Apply rule 4.149 of the 1986 Rules.

(2) In paragraph (2)—

(a) leave out “either”, and

(b) leave out “or” at the end of sub–paragraph (a), and after sub–paragraph (b) insert “, or” and—

“(c) it is shown to the court’s satisfaction that the transaction was entered into by the building society liquidator for the purpose of achieving Objective 1.”.