The Commercial Banking Company of Sydney Limited (Merger) Act 1982
14Company charges
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14 Company charges
14 Company charges
If the provisions of section 206 (1) of the Companies Act 1981 of the Commonwealth apply as laws of New South Wales on the appointed day, those provisions shall be deemed to have been complied with in respect of all charges of which the continuing bank or the continuing savings bank becomes the holder by virtue of this Act if there is lodged in the manner specified in paragraph (a) of that subsection a certificate signed by a Managing Director of the continuing bank or by an officer acting under delegation from him stating that by virtue of this Act the undertaking of CBC has become vested in the continuing bank and the undertaking of CBC Savings Bank has become vested in the continuing savings bank.