Section 84C

A transfer under section 84A(5)(b) must be to a company which immediately before the transfer is wholly owned by— the Bank of England, a resolution administrator appointed under section 62B(1), a person nominated by the Bank of England, or a company which is itself wholly owned by a person within paragraphs (a) to (c). Where a resolution instrument has made provision under section 84A(5)(b), the building society is dissolved at such time as may be specified in or determined in accordance with the instrument. In this section, “company” means a company as defined in section 1(1) of the Companies Act 2006 which is a public company limited by shares.

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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.