Section 109(5)

A bank liquidator who is removed under this section has release with effect— from the time when the court is informed of the removal, or if the meeting removing the bank liquidator resolves to disapply paragraph (a), from a time determined by— the Secretary of State, or in the case of a bank liquidator in Scotland, the Accountant of Court.

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