154 Winding-up or voluntary arrangement
Banking Act 2009 (2009 c 1) | Legislation

154  Winding-up or voluntary arrangement

(1)     This section applies if—

(a)     the Bank of England has given an Objective 1 Achievement Notice, and

(b)     the bank administrator pursues Objective 2(b) in section 140.

(2)     The bank administrator may—

(a)     give a notice under paragraph 84 of Schedule B1 to the Insolvency Act 1986 (no more assets for distribution), or

(b)     make a proposal in accordance

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