FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993

PART 2 - GENERAL PROVISIONS  

SECTION 9  

9   TRANSFER OF ASSET ETC. NOT TO REQUIRE CONSENT ETC. OF THIRD PARTY  
If:

(a) a financial corporation is proposing to transfer an asset or liability to another financial corporation; and

(b) apart from this Act, the transferring corporation or receiving corporation would be required (whether under an instrument or otherwise):

(i) to obtain the consent or approval of a third person in a particular respect; or

(ii) to give particular information to a third person;

before effecting the transfer of the asset or liability;

the transfer may be validly effected without the consent or approval being obtained, or the information given, as the case requires.