Schedule B1, paragraph 9(1)
IA 1986
Insolvency Act 1986 · United Kingdom
A person may not be appointed as administrator of a company which— has a liability in respect of a deposit which it accepted in accordance with the Banking Act 1979 (c. 37) or 1987 (c. 22), but is not an authorised deposit taker.
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Source: legislation.gov.uk · retrieved 2026-09-04