Commentary on Sections Process of bank liquidation Section 104: Additional general powers
281.A bank liquidator has the same general powers as a liquidator under Schedule 4 to the Insolvency Act 1986 (powers of a liquidator in a winding up) and for completeness and clarity this section sets out some additional specific powers drawn from Schedule 1 to that Act (powers of administrator or administrative receiver).
282.Subsection (2) adds the power to effect and maintain insurances.
283.Subsection (3) adds a power to do all things necessary for the realisation of property.
284.Subsection (4) adds a power to make certain payments.