45 Temporary public ownership: property transfer
Banking Act 2009 (2009 c 1) | Legislation

45  Temporary public ownership: property transfer

(1)     This section applies where the Treasury have made a share transfer order, in respect of securities issued by a bank, in accordance with section 13(2) (“the original order”).

(2)     The Treasury may make one or more property transfer orders.

(3)     A property transfer order is an order which—

(a)     provides for property, rights or liabilities of the bank

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