New South Wales Consolidated Acts

BANK INTEGRATION ACT 1992 - SECT 19

19 Certificates in relation to other assets

(1) Where:

(a) an asset (other than an interest in land to which section 17 applies) becomes, under this Act or the Commonwealth Act, an asset of the receiving bank, and

(b) there is lodged with the person or authority who has, under a law of New South Wales, responsibility for keeping a register in respect of assets of that kind a certificate that:

(i) is signed by an authorised person, and

(ii) identifies the asset, and

(iii) states that the asset has, under this Act or the Commonwealth Act, become an asset of the receiving bank,

that person or authority must:

(c) register the matter in the same manner as transactions in relation to assets of that kind are registered, and

(d) deal with, and give effect to, the certificate.

(2) This section does not affect the operation of the Corporations Law .