Bankruptcy
(Désastre) (Amendment No. 6) (Jersey)
Law 2012
A LAW to amend further the Bankruptcy
(Désastre) (Jersey) Law 1990.
Adopted by the
States 25th September 2012
Sanctioned by
Order of Her Majesty in Council 12th December 2012
Registered by the
Royal Court 21st
December 2012
THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have
adopted the following Law –
1 Amendment
of Article 32 of the Bankruptcy (Désastre) (Jersey) Law 1990
After Article 32(1)(a) of the Bankruptcy (Désastre)
(Jersey) Law 1990[1] there is inserted the
following sub-paragraph –
“(aa) where under the Banking Business (Depositors
Compensation) (Jersey) Regulations 2009[2] –
(i) the
debtor is a bank in default, and
(ii) a
right of an eligible depositor in respect of an eligible deposit held by the
debtor is vested in the Jersey Bank Depositors Compensation Board,
in payment to that Board of the
total amount due to the Board by virtue of all such vested rights in relation
to that debtor, but not exceeding the total amount payable by the Board in
respect of that debtor as compensation to depositors under those Regulations;”.
2 Citation
and commencement
This Law may be cited as the Bankruptcy (Désastre) (Amendment
No. 6) (Jersey) Law 2012 and comes into force 7 days after it is
registered.
a.h. harris
Deputy Greffier of the States