46 Temporary public ownership: reverse property transfer
Banking Act 2009 (2009 c 1) | Legislation

46  Temporary public ownership: reverse property transfer

(1)     This section applies where the Treasury have made a property transfer order in accordance with section 45(2) (“the original order”) . . ..

(2)     The Treasury may make one or more reverse property transfer orders in respect of property, rights or liabilities of the transferee under the original order.

(3)     A reverse property transfer order is a property transfer order which—

(a)     provides for transfer to the transferor under the original order;

(b)

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