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s 21

Service of documents

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Part IVGeneral

21 Service of documents

Service of a document, as defined in section 5(1) of the Companies Act 1961 1 —

(a)

on the Bank, shall be deemed to be service on each of the existing banks;

(b)

on an existing bank, shall be deemed to be service on the Bank;

(c)

on A.N.Z. Savings Bank, shall be deemed to be service on E.S.A. Savings Bank; or

(d)

on E.S.A. Savings Bank, shall be deemed to be service on A.N.Z. Savings Bank,

but —

(e)

paragraphs (a) and (b) of this section shall cease to have any force and effect upon the relevant existing bank ceasing to be a subsidiary of the Bank within the meaning of section 6(1) of the Companies Act 1961 1; and

(f)

paragraphs (c) and (d) of this section shall cease to have any force and effect upon E.S.A. Savings Bank ceasing to be a subsidiary of the Bank within the meaning of section 6(1) of the Companies Act 1961 1.

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