"undertaking"
"will"
made, granted, arising or subsisting under any
applicable law) of securing payment or discharge of a debt or liability (whether present or future, actual or contingent);
means the business and all existing property, reserves and liabilities of Dao Heng Bank of whatsoever nature other than the excluded property, the excluded reserves and liabilities relating to the excluded property;
includes a codicil and any other testamentary writing.
(2) Any reference in this Ordinance to property or liabilities of Dao
Heng Bank is reference to property or liabilities to which Dao Heng Bank is for the time being entitled or subject (whether beneficially or in any fiduciary capacity), wherever such property or liabilities are situated or arise and whether or not capable of being transferred or assigned by Dao Heng Bank, and whether Dao Heng Bank is entitled to such property or subject to such liabilities under the law of Hong Kong or under the law of any country or territory outside Hong Kong.
(3)
Any body politic or corporate and any other person or persons whose rights are affected by any of the provisions of this Ordinance shall be deemed to be mentioned herein.
Appointed day
3.
The directors of Dao Heng Bank may appoint a day for the purposes of this Ordinance. Dao Heng Bank and Hang Lung Bank shall give joint notice in the Gazette stating the day expected to be the appointed day save that, in the event that such day proves not to be the appointed day for any reason, Dao Heng Bank and Hang Lung Bank shall give joint notice in the Gazette to that effect and shall again give joint notice in the Gazette stating the next day expected to be the appointed day or, as the case may be, the day which was the appointed day.
Changes of name and revocation of banking licence
4.
(1) On the appointed day, by virtue of this Ordinance
(a)
the name of Dao Heng Bank shall, in accordance with this section, be changed to [
] Limited;
4
-
No comments yet.
Private notes are available after approval.