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Version date: 8 April 2010 - onwards
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21. Minor amendments of provision made by Banking Act 2009

(1) The Banking Act 2009 is amended as follows.

(2) After section 48 insert -

"48A Creation of liabilities

(1) The provision that may be made by a property transfer instrument or order in reliance on section 33(1)(b), 42(3)(b), 43(3)(b), 44(4)(c), 45(3)(b) or 46(3)(b) includes provision for the creation of liabilities.

(2) The provision may be framed by reference to an agreement which has been or is to be entered into, or anything else which has been or is to be done, by any person (including a person other than the person making the instrument or order)."

(3) In section 55 (independent valuer: supplemental), at the end insert -

"(10) But subsection (9)(b) does not apply if the order is contained in a statutory instrument that contains an order to which section 62 applies."

(4) In section 56 (independent valuer: money) -

(a) in subsection (1), after paragraph (c) (but before the "and" at the end of it) insert -

"(ca) persons mentioned in section 54(4)(b),", and

(b) at the end insert -

Comparing proposed amendment...