14
CAP. 1138]
Royal Bank of Scotland
[1985 Ed.
(Cap. 117.)
Completion and deduction of title to property.
Saving for testamentary gifts.
Saving for enactments concerning banking, etc.
Saving for the Bank and Royal Bank of Scotland.
Saving.
Costs of Ordinance.
(f) operate so as to merge any leasehold interest in the reversion which is expectant thereon:
Provided that nothing in this section shall exempt Royal Bank of Scotland or the Bank from the provisions of the Stamp Duty Ordinance.
17. To enable the Bank to complete a title, if thought fit, to any property transferred to it and vested in it by virtue of this Ordinance by notice of title, deed, instrument or otherwise, or to deduce title, this Ordinance shall be deemed to be, and may be used as, an assignment or assignation, conveyance, transfer or, as the case may be, general disposition of such property in favour of the Bank.
18. For the avoidance of doubt it is hereby declared that no testamentary gift shall be adeemed by reason only of the operation of any provision of this Ordinance.
19. Subject to the provisions of this Ordinance, nothing in this Ordinance shall exempt Royal Bank of Scotland or the Bank from the provisions of any enactment regulating the carrying on of the business of any of them.
20. Nothing in this Ordinance shall prejudice the powers of the Bank to alter its memorandum and articles of association or the powers of Royal Bank of Scotland to alter its business and objects or regulations; and nothing in this Ordinance shall derogate from or prejudice the powers of the Bank or Royal Bank of Scotland to change its name (whether its name at the time of the passing of this Ordinance or not), or to dispose of, or deal with, its assets or to carry on or discontinue its business or any part thereof.
21. Nothing in this Ordinance shall affect or be deemed to affect the rights of Her Majesty the Queen, Her Heirs or Successors, or the rights of any body politic or corporate or of any other persons except such as are mentioned in this Ordinance and those claiming by, from or under them.
22. All costs, charges and expenses preliminary to, and of and incidental to, the preparation, obtaining and passing of this Ordinance shall be paid by the Bank.