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Bank Mergers (St. George Partnership Banking) Regulation 1997
6Assets and liabilities
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6 Assets and liabilities
6 Assets and liabilities
On the succession day:
(a) all assets of Partnership Banking, wherever located, vest in, or are otherwise available for the use of, St. George without the need for any conveyance, transfer, assignment or assurance and without the need for any prior notice or further act, and
(b) all liabilities of Partnership Banking, wherever located, become liabilities of St. George without the need for any prior notice or further act.