CAP. 1138]
Royal Bank of Scotland
Supplementary provisions as to transfer.
[1985 Ed.
(3) Where any order, trust deed, settlement, covenant, agreement, will or appointment such as is mentioned in subsection (2) authorized or authorizes Royal Bank of Scotland or (in the case of any such order, trust deed, settlement, covenant, agreement, will or appointment taking effect after the appointed day) would have authorized Royal Bank of Scotland (if it had accepted such appointment) to charge remuneration or otherwise to act in accordance with a scale or terms or conditions applicable to Royal Bank of Scotland at any particular date before, on or after the appointed day or for the time being, then on and from the appointed day (or, if it be later, the date upon which such order, trust deed, settlement, covenant, agreement, will or appointment is made or executed) every reference in such order, trust deed, settlement, covenant, agreement, will or appointment to such scale or terms or conditions shall be construed and have effect as if the same were a reference to the corresponding scale or terms or conditions applicable to the Bank at such particular date or for the time being (as the case may be):
Provided that where any such reference is to a scale or terms or conditions applicable to Royal Bank of Scotland at some date before the appointed day, then the provisions of this subsection shall be construed and have effect as if such scale or terms or conditions had been applicable to the Bank at such prior date (notwithstanding that the Bank may not have been in existence at that date or may not have been carrying on the business of acting in the fiduciary capacity to which such scale or terms or conditions related) and as if every reference in such scale or terms or conditions to Royal Bank of Scotland had been a reference to the Bank.
7. (1) Without prejudice to the generality of any other provision of this Ordinance, the following provisions shall have effect for the purposes of section 4-
(a) any existing account between Royal Bank of Scotland and a customer shall be transferred to the Bank on the appointed day and shall become, on and from the appointed day, an account between the Bank and such customer with the same rights and subject to the same obligations and incidents (including rights of compensation and set-off) as would have been applicable thereto if such account between Royal Bank of Scotland and the customer had continued and such account shall be deemed for all purposes to be a single continuing account:
(b)
Provided that nothing herein shall affect any right of the Bank or of the customer on or after the appointed day to vary the conditions or incidents subject to which any account is kept;
(i) any existing instruction, order, direction, mandate, notice, representation, power of attorney, authority, consent or undertaking (whether in writing or not and whether...