12Relationships with customers and depositors

12 Relationships with customers and depositors

12 Relationships with customers and depositors

The relationship between Partnership Banking and a customer or depositor at an office or branch or agency of Partnership Banking is, on and after the succession day, between St. George and that customer or depositor, and gives rise to the same rights and duties (including rights of set-off) as would have existed before that day if that relationship had always been between St. George and the customer or depositor. Any instruction, order, direction, mandate or authority given by that customer or depositor to Partnership Banking and subsisting on or given after the succession day is, unless and until revoked or cancelled, taken to have been given to St. George.