reg 6
In forceAssets and liabilities
Part 2Bank reorganisation
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.
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