South Australian Current Acts

STATE BANK (CORPORATISATION) ACT 1994 - SECT 23

23—Dissolution of SBSA subsidiaries

        (1)         The Governor may, by proclamation, dissolve an SBSA subsidiary.

        (2)         If an SBSA subsidiary is dissolved under this section, its assets and liabilities, as they existed immediately before the time of dissolution, are vested in SBSA.