Section 307(4A)

Where a banker enters into a transaction before service on the banker of a notice under this section (and whether before or after service on the bankrupt of a notice under this section) the trustee is not in respect of that transaction entitled by virtue of this section to any remedy against the banker. This subsection applies whether or not the banker has notice of the bankruptcy.

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Source: legislation.gov.uk · retrieved 2026-09-04