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Statutory Instruments

2008 No. 3251

Banks And Banking

The Heritable Bank plc (Determination of Compensation) Order 2008

Made

18th December 2008

Coming into force in accordance with article 1(2)

This Order is made in exercise of the powers conferred by section 7(1)(a) of the Banking (Special Provisions) Act 2008( 1 ).

A draft of this Order has been laid before Parliament in accordance with section 13(3) of that Act and approved by a resolution of each House of Parliament.

Accordingly, the Treasury make the following Order:

1. —(1) This Order may be cited as the Heritable Bank plc (Determination of Compensation) Order 2008.

(2) This Order comes into force on the day after the day on which it is made.

2. —(1) The amount of any compensation payable by the Treasury to Heritable in respect of the rights and liabilities transferred by the Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008( 2 ) is determined as nil.

(2) In paragraph (1) “Heritable” means Heritable Bank plc, company registered in Scotland number SC000717.

Frank Roy

Dave Watts

Two of the Lords Commissioners of Her Majesty’s Treasury

18th December 2008

( 1 )

2008 c. 2 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Heritable Bank plc (Determination of Compensation) Order 2008 (2008/3251)

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Defined TermSection/ArticleIDScope of Application
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