Schedule 4, Part 3, paragraph 26(2)

In relation to a company which is a company under resolution for the purposes of Part 17 of the Bank Recovery and Resolution (No. 2) Order 2014, any provision in the company's articles which prohibits the directors from exercising the power referred to in subsection (1) is to be disregarded.

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