New South Wales Consolidated Acts

BANK INTEGRATION ACT 1992 - SECT 11

11 Legal proceedings and evidence

(1) Where, immediately before the succession day, proceedings (including arbitration proceedings) to which the transferring bank was a party were pending or existing in any court or tribunal, the receiving bank is, on that day, substituted for the transferring bank as a party to the proceedings and has the same rights in the proceedings as the transferring bank had.

(2) Where, before the succession day, documentary or other evidence would have been admissible for or against the interests of the transferring bank, that evidence is admissible, on or at any time after that day, for or against the interests of the receiving bank.