21 Minor amendments of provision made by Banking Act 2009

21  Minor amendments of provision made by Banking Act 2009

(1)     The Banking Act 2009 is amended as follows.

(2)     After section 48 insert—

“48A Creation of liabilities

(1)     The provision that may be made by a property transfer instrument or order in reliance on section 33(1)(b), 42(3)(b), 43(3)(b), 44(4)(c), 45(3)(b) or 46(3)(b) includes provision for the creation of liabilities.

(2)     The provision may be framed by reference to an agreement which has been or is to be entered into, or anything else which has been or is to be done, by any person

Powered by Lexis+®

Popular documents