5Succession of banks

#### 5 Succession of banks 5 Succession of banks > > (1) A regulation for the purposes of this Act may provide for the liquidation or dissolution of a bank being merged with another bank. > > > (2) Any such regulation may only be made with the approval of the Minister administering the [Corporations Law](/view/html/inforce/current/sl-1999-0703). > > > (3) A regulation for the purposes of this Act may provide that a bank is the successor in law of another bank and is, for all purposes, a continuation of and the same legal entity as the other bank.