NSWIn ForceAct
Bank Mergers Act 1996
5Succession of banks
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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.
(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.