Section 101(9)

Where a liquidation committee ceases to exist by virtue of section 100(6)(e) and has not been re-formed under subsection (8) above or under section 141(2) or 142(2) of the Insolvency Act 1986 (as applied by section 103 below)— ignore a reference in this Part to the liquidation committee, for section 113(2) to (4) substitute requirements for the bank liquidator, before making a proposal— to produce a final report, to send copies in accordance with section 113(2)(b), to make it available in accordance with section 113(2)(c), and to be satisfied as specified in section 113(4)(b), ignore Condition 2 in section 114, and for section 115(1) to (5) substitute a power for the bank liquidator to apply to the Secretary of State or Accountant of Court for release and requirements that before making an application the bank liquidator must— produce a final report, send copies in accordance with section 115(2)(b), make it available in accordance with section 115(2)(c), and notify the court and the registrar of companies of the intention to vacate office and to apply for release.

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