1985 Ed.]
Royal Bank of Scotland
[CAP. 1138
7
(a) for any such reference to Royal Bank of Scotland there were substituted, as regards anything falling to be done or capable of being done on or after the appointed day, a reference to the Bank; and
(b) any such reference to the directors or to any director, officer or employee of Royal Bank of Scotland were, as regards anything falling to be done or capable of being done on or after the appointed day, a reference to the directors of the Bank or, as the case may require, to such director, officer or employee of the Bank as the Bank may appoint for that purpose or, in default of appointment, to the director, officer or employee of the Bank who corresponds as nearly as may be to the first-mentioned director, officer or employee.
6.
(1) Any property transferred to and vested in the Bank by virtue of this Ordinance which, immediately before the appointed day, was held by Royal Bank of Scotland, whether alone or jointly with any other person---
(a) as trustee or custodian trustee of any trust deed, settlement, covenant, agreement or will, and whether originally so appointed or not, and whether appointed under hand or seal, or by order of any court or otherwise;
(b) as executor of the will of a deceased person;
(c) as administrator of the estate of a deceased person;
(d) as judicial trustee or judicial factor appointed by order of any court; or
(e) in any other fiduciary capacity whatsoever,
shall, on and from the appointed day, be held by the Bank alone or jointly with such other person (as the case may be), in the same capacity, upon the trusts, and with and subject to the rights, powers, provisions, liabilities and obligations applicable thereto respectively.
(2) Any order of any court or any trust deed, settlement, covenant, agreement, will or appointment, whether made or executed before, on or after the appointed day, under or by virtue of which Royal Bank of Scotland was or is or, but for the provisions of this section, would have been (whether alone or with any other person) granted letters of administration or appointed trustee, custodian trustee, executor, tutor, curator, guardian, judicial trustee, judicial factor or custodian or appointed or confirmed in any other fiduciary capacity shall not fail by reason of anything in this Ordinance but shall, 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), be read, construed and have effect as if for any reference therein to Royal Bank of Scotland there were substituted a reference to the Bank.
Provisions as to trust property transferred and as to trusteeships, etc.
1985 Ed.]
Royal Bank of Scotland
[CAP. 1138
7
(a) for any such reference to Royal Bank of Scotland there were substituted, as regards anything falling to be done or capable of being done on or after the appointed day, a reference to the Bank; and
(b) any such reference to the directors or to any director, officer or employee of Royal Bank of Scotland were, as regards anything falling to be done or capable of being done on or after the appointed day, a reference to the directors of the Bank or, as the case may require, to such director, officer or employee of the Bank as the Bank may appoint for that purpose or, in default of appointment, to the director, officer or employee of the Bank who corres- ponds as nearly as may be to the first-mentioned director, officer or employee.
6.
(1) Any property transferred to and vested in the Bank by virtue of this Ordinance which, immediately before the appointed day, was held by Royal Bank of Scotland, whether alone or jointly with any other person---
(a) as trustee or custodian trustee of any trust deed, settle- ment, covenant, agreement or will, and whether originally so appointed or not, and whether appointed under hand or seal, or by order of any court or otherwise;
(b) as executor of the will of a deceased person;
(c) as administrator of the estate of a deceased person;
(d) as judicial trustee or judicial factor appointed by order of
any court; or
(e) in any other fiduciary capacity whatsoever,
shall, on and from the appointed day, be held by the Bank alone or jointly with such other person (as the case may be), in the same capacity, upon the trusts, and with and subject to the rights, powers, provisions, liabilities and obligations applicable thereto respectively.
(2) Any order of any court or any trust deed, settlement, covenant, agreement, will or appointment, whether made or exe- cuted before, on or after the appointed day, under or by virtue of which Royal Bank of Scotland was or is or, but for the provisions of this section, would have been (whether alone or with any other person) granted letters of administration or appointed trustee, custodian trustee, executor, tutor, curator, guardian, judicial trus- tee, judicial factor or custodian or appointed or confirmed in any other fiduciary capacity shall not fail by reason of anything in this Ordinance but shall, 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), be read, construed and have effect as if for any reference therein to Royal Bank of Scotland there were substituted a reference to the Bank.
Provisions as to trust property transferred and as to trustee- ships, etc.
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