9Transfer of asset etc. not to require consent etc. of third party

9 Transfer of asset etc. not to require consent etc. of third party

If: (a) a financial corporation is proposing to transfer an asset or liability to another financial corporation; and (b) apart from this Act, the transferring corporation or receiving corporation would be required (whether under an instrument or otherwise): (i) to obtain the consent or approval of a third person in a particular respect; or (ii) to give particular information to a third person; before effecting the transfer of the asset or liability; the transfer may be validly effected without the consent or approval being obtained, or the information given, as the case requires.