6 Transfer of property, rights and liabilities
Banking (Special Provisions) Act 2008 (2008 c 2) | Legislation

Transfer of property etc

6  Transfer of property, rights and liabilities

(1)     The Treasury may by order make provision for or in connection with, or in consequence of, the transfer of property, rights and liabilities of an authorised UK deposit-taker to either (or each) of the following—

(a)     a company wholly owned by the Bank of England or the Treasury;

(b)     a body corporate not within paragraph (a).

(2)     An order under this section may define the property, rights and liabilities to be transferred in one or more of the following ways—

(a)     by specifying or describing the property, rights

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