PART 11COLLECTION AND DISTRIBUTION OF BANK'S ASSETS BY BANK LIQUIDATOR
General duties of bank liquidator136
Apply rule 4.188 of the 1991 Rules.
General qualification on powers137
In exercising any power conferred on the bank liquidator by this Part before a full payment resolution has been passed, the bank liquidator shall exercise it consistently with Objective 1.
Manner of distributing assets138
Apply rule 4.189 of the 1991 Rules.
Debts of insolvent company to rank equally139
Apply rule 4.190 of the 1991 Rules.
Supplementary provisions as to dividend140
Apply rule 4.191 of the 1991 Rules.
Division of unsold assets141
Apply rule 4.193 of the 1991 Rules.
General powers of the liquidator142
Apply rule 4.194 of the 1991 Rules. In paragraph (1) delete “under Article 142(1)(a), or”.
Enforced delivery up of company’s property143
Apply rule 4.195 of the 1991 Rules.
Final distribution144
Apply rule 4.196 of the 1991 Rules. In paragraphs (1) and (2) for “Part 11”, substitute “Part 21”.