00
8
CAP. 1137]
Lloyds Bank (Merger)
[1985 Ed.
Interests in land.
vesting of any property and liabilities of LBI in Lloyds in accordance with the provisions of this Ordinance.
(2) Without prejudice to the generality of subsection (1)—
(a) any document made or executed on or after the appointed day, whereby Lloyds or LBI, whether alone or jointly with any other person, conveys or transfers, or purports to convey or transfer, to any person (whether for consideration or not), or applies to be registered as the holder or proprietor of, any property held by LBI immediately before the appointed day, whether alone or jointly with any other person, shall be sufficient evidence that the interest of LBI in that property-
(i) in the case of such a document referring to the property as property held by Lloyds, is deemed to be vested in Lloyds under this Ordinance; and
(ii) in the case of such a document referring to the property as property held by LBI, is not deemed to be vested in Lloyds under this Ordinance;
(b) where there is any other transaction by Lloyds or LBI on or after the appointed day in connection with, or in relation to, any property or liabilities which are property or liabilities of LBI immediately before that day, it shall be deemed in favour of any other party to the transaction, or any person claiming through or under him, that Lloyds or, as the case may be, LBI has full power and authority for that transaction as if-
(i) in the case of a transaction by Lloyds, the property or liabilities were deemed to be vested in it under this Ordinance; and
(ii) in the case of a transaction by LBI, the property or liabilities were not deemed to be vested in Lloyds under this Ordinance;
(c) a joint certificate given by or on behalf of LBI and Lloyds, whether given before, on or after the appointed day, that any property or liabilities specified in the certificate is or is not at the date so specified deemed to be vested in Lloyds under this Ordinance, shall be conclusive evidence for all purposes of the fact so certified;
(d) nothing in paragraphs (b) and (c) affects the liability of LBI or Lloyds to the other of them in respect of anything done, or purporting to have been done, by either of them in connexion with, or in relation to, any property or liabilities;
(e) in this section "convey" includes mortgage, charge, lease, assent, vest by way of vesting declaration or vesting instrument, disclaim, release or otherwise assure.
12. The deemed vesting of an interest in land by or under this Ordinance shall not-
00
8
CAP. 1137]
Lloyds Bank (Merger)
[1985 Ed.
Interests in land.
vesting of any property and liabilities of LBI in Lloyds in accord- ance with the provisions of this Ordinance.
(2) Without prejudice to the generality of subsection (1)— (a) any document made or executed on or after the appointed day, whereby Lloyds or LBI, whether alone or jointly with any other person, conveys or transfers, or purports to convey or transfer, to any person (whether for considera- tion or not), or applies to be registered as the holder or proprietor of, any property held by LBI immediately before the appointed day, whether alone or jointly with any other person, shall be sufficient evidence that the interest of LBI in that property-
(i) in the case of such a document referring to the property as property held by Lloyds, is deemed to be vested in Lloyds under this Ordinance; and
(ii) in the case of such a document referring to the property as property held by LBI, is not deemed to be vested in Lloyds under this Ordinance;
(6) where there is any other transaction by Lloyds or LBI on or after the appointed day in connection with, or in relation to, any property or liabilities which are property or liabilities of LBI immediately before that day, it shall be deemed in favour of any other party to the transaction, or any person claiming through or under him, that Lloyds or, as the case may be, LBI has full power and authority for that transaction as if-
(i) in the case of a transaction by Lloyds, the property or liabilities were deemed to be vested in it under this Ordinance; and
(ii) in the case of a transaction by LBI, the property or liabilities were not deemed to be vested in Lloyds under this Ordinance;
(c) a joint certificate given by or on behalf of LBI and Lloyds, whether given before, on or after the appointed day, that any property or liabilities specified in the certificate is or is not at the date so specified deemed to be vested in Lloyds under this Ordinance, shall be conclusive evidence for all purposes of the fact so certified;
(d) nothing in paragraphs (b) and (c) affects the liability of LBI or Lloyds to the other of them in respect of anything done, or purporting to have been done, by either of them in connexion with, or in relation to, any property or liabilities;
(e) in this section "convey" includes mortgage, charge, lease, assent, vest by way of vesting declaration or vesting instrument, disclaim, release or otherwise assure.
12. The deemed vesting of an interest in land by or under this Ordinance shall not-
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