[70A Suspension of obligations]
Banking Act 2009 (2009 c 1) | Legislation

[70A  Suspension of obligations]

[(1)     The Bank of England may suspend obligations to make a payment, or delivery, under a contract where one of the parties to the contract is a bank in respect of which the Bank is exercising a stabilisation power.

(2)     A suspension imposed under subsection (1) does not apply to—

(a)     payments of eligible deposits or eligible claims, or

(b)     payments or deliveries to excluded persons.

(3)

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