Interests in
land
13.
Saving for
14.
enactments
concerning
banking
institutions
Saving för
15.
companies
(5)
or document deemed to be instrument of transfer pursuant to section 12(2)(a) of this ordinance, shall be treated as duly stamped unless it has, in accordance with the provisions of section 13 of the Stamp Duty Ordinance, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it is duly stamped.
Nothing in this section applies to any property falling within section 5(2).
The vesting in First Pacific Bank of an interest in land by virtue of this Ordinance shall not:-
(a)
(b)
(c)
(a)
(e)
constitute a purchase or creation of that interest for the purposes of section 119E(2) of the Landlord and Tenant (Consolidation) Ordinance; or
constitute an assignment, transfer, devolution, parting with possession, dealing with or other disposition of that interest for the purposes of any provision contained in any instrument concerning that interest; or
give rise to any forfeiture; or
invalidate ΟΙ discharge any contract ΟΙ security; or
operate So as to merge any leasehold interest in the reversion expectant on it.
Nothing in this Ordinance shall exempt Far East Bank or First Pacific Bank or any other subsidiary of Far... East Bank from the provisions of any enactment regulating the carrying on of the business of any of them.
Nothing in this Ordinance shall prejudice the powers of First Pacific Bank to alter its articles and memorandum of association or to dispose of, or deal with, its property, security or liabilities or to carry on or discontinue any part of its business; and nothing in this Ordinance shall prejudice the powers of Far East Bank to dispose of, ΟΙ deal with, its property, security or liabilities before the appointed day.
14