CTHIn ForceAct
Commonwealth Banks Restructuring Act 1990
67Commonwealth Bank to become successor in law of the State Bank
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67 Commonwealth Bank to become successor in law of the State Bank
On the succession day: (a) all property and rights of the State Bank, wherever located, vest in the Commonwealth Bank; and (b) all liabilities of the State Bank, wherever located, become liabilities of the Commonwealth Bank; and (c) the Commonwealth Bank becomes the successor in law of the State Bank.