Section 143(3)

Condition 2 is that the Bank of England is satisfied that the residual bank— is unable to pay its debts, or is likely to become unable to pay its debts as a result of the property transfer instrument which the Bank intends to make.

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Source: legislation.gov.uk · retrieved 2026-09-04 · Text as consolidated on 2026-01-19; changes after this date are not shown.