[84ZA Bridge bank: share transfer instruments]
Banking Act 2009 (2009 c 1) | Legislation

[84ZA  Bridge bank: share transfer instruments]

[(1)     This section applies for the purpose of the exercise of the second stabilisation option (transfer to a bridge bank) in relation to a building society.

(2)     A share transfer instrument made under section 12(2)(a) may—

(a)     convert the building society into a company (“the successor company”), and

(b)     make other provision for the purposes of, or in connection with the conversion of the building society.

(3)     The provision which may be made under subsection (2)(b)

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