[44A Bail in: reverse property transfer]

[44A  Bail in: reverse property transfer]

[(1)     This section applies where the Bank of England has made a property transfer instrument in accordance with section 41A(2) (“the original instrument”).

(2)     The Bank of England may make one or more bail-in reverse property transfer instruments in respect of property, rights or liabilities of the transferee under the original instrument.

(3)

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