57EChange of financial institution

57E Change of financial institution (a) a natural person and a financial institution enter into an arrangement described in section 57A, 57B, 57C or 57D; and (b) the financial institution transfers its estate in fee simple in land to another financial institution (***the first transaction***) on the condition that the other financial institution transfer its interest in the land to the natural person in compliance with the terms of the relevant arrangement; and (c) the other financial institution transfers its interest in the land to the natural person in compliance with the terms of the relevant arrangement (***the second transaction***). (2) No duty is chargeable under this Chapter in respect of the first or second transaction. S. 57F inserted by No. 71/2004 s. 17.