Victorian Current Acts

STATE BANK (SUCCESSION OF COMMONWEALTH BANK) ACT 1990 - SECT 9

On the succession day—

        (a)     all property and rights of the State Bank, wherever located, vest in the Commonwealth Bank; and

        (b)     all liabilities of the State Bank, wherever located, become liabilities of the Commonwealth Bank; and

        (c)     the Commonwealth Bank becomes the successor in law of the State Bank; and

        (d)     the State Bank is dissolved.