NOW THEREFORE BE IT ENACTED by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:
Short title
1.
This Ordinance may be cited as the First Pacific Bank Limited Ordinance.
Interpretation 2.
(1)
In
,)
this Ordinance, unless the subject or context otherwise requires:-
"appointed day" means such day as may be appointed pursuant to section 3 of this Ordinance;
"customer" means any person having a banking account or other dealing, transaction or arrangement with Far East Bank;
"Far East Bank" means Far East Bank, Limited;
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"First Pacific Bank" means First Pacific Bank Limited;
"excluded property" means the common seal of Far East Bank or any document (other than accounting records) required to be kept by Far East Bank pursuant to the Companies Ordinance and the shares in the capital of First Pacific Bank beneficially owned by Far East Bank;
"existing" means existing, outstanding or in force immediately before the appointed day;
"liabilities" includes duties and obligations of every description (whether present or future, actual or contingent);
or
"property" means property and assets of every description and rights of every description (whether present or future, actual contingent), and includes property held on trust and securities, benefits and powers of every description but does not include the excluded property;
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"security" includes a mortgage or charge (whether legal or equitable), debenture, bill of exchange, promissory note, guarantee, lien, pledge (whether actual ΟΙ constructive), hypothecation, assignment by way of security, indemnity, right of set-off, agreement or
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