43 Onward transfer
Banking Act 2009 (2009 c 1) | Legislation

43  Onward transfer

(1)     This section applies where the Bank of England has made a property transfer instrument in respect of a [resolution company] in accordance with section 12(2) [or 12ZA(3)] (“the original instrument”).

(2)     The Bank of England may make one or more onward property transfer instruments.

(3)     An onward property transfer instrument is a property transfer instrument which—

(a)     provides

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