Singapore legislation
Section 12
of Post Office Savings Bank of Singapore (Transfer of Undertakings and Dissolution) Act
Section 12
Application of Part IV of Evidence Act
(1)
On and from the transfer date, Part IV of the Evidence Act shall apply to the bankers’ books of POSB transferred to the Bank by virtue of this Act, and to entries made therein before the transfer date, as if such bankers’ books were the bankers’ books of the Bank.
(2)
For the purposes of section 172 of the Evidence Act, bankers’ books so transferred to the Bank shall be deemed to have been the ordinary books of the Bank at the time of the making of any entry therein which purports to have been made before the transfer date, and any such entry shall be deemed to have been made in the usual and ordinary course of business.
(3)
In this section, “bankers’ books” shall be construed in accordance with section 170 of the Evidence Act.