Singapore legislation

Clause 24

of Post Office Savings Bank of Singapore Bill

Clause 24

Transfer of the business, etc., of the Post Office Savings Bank

Upon the date of the coming into operation of this Act (Cap. 198, 1970 Ed), all movable properties, assets, privileges, debts, liabilities and obligations vested in or belonging to, and all other business transacted by, the Post Office Savings Bank established under the Post Office Savings Bank Act shall be transferred to and vest in the Bank without further assurance and its business shall be carried on by the Bank.

Read in full context — Post Office Savings Bank of Singapore Bill →