Effect of other instruments, rights and obligations
257 Effect of other instruments, rights and obligations
The operation of this Part or a transfer order must not be regarded —
as a breach of contract or confidence or otherwise as a civil wrong; or
as a breach of any contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities or the disclosure of information; or
as giving rise to any remedy by a party to an instrument, or as causing or permitting the termination of any instrument, because of a change in the beneficial or legal ownership of any assets, rights or liabilities; or
as causing any contract or instrument to be void or otherwise unenforceable; or
as releasing or allowing the release of any surety.
This Act’s bill:Explanatory memorandumSecond reading speech
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