18Interests in land

18 Interests in land

18 Interests in land

(1) Without prejudice to the generality of this Regulation and despite anything to the contrary in any other Act or law, if, immediately before the succession day, Advance Bank is, or is to be taken to be, the registered proprietor of an interest in land under the Real Property Act 1900, on and after the succession day:

(a) St.George is to be taken to be the registered proprietor of that interest in land, and

(b) St.George has the same rights and remedies in respect of that interest as Advance Bank had.

(2) No person dealing with St.George (in any capacity at all), nor the Registrar-General, nor any other person registering or certifying title to land or having the power or duty to examine or receive evidence as to title to land, is, in respect of any dealing or transaction in relation to land entered into or purporting to be entered into by St.George, where the registered proprietor of that land is Advance Bank, to be concerned to see, or enquire into, whether the land has vested in St.George.