National Australia Group Europe Act 2001
| Jurisdiction | UK Non-devolved |
| Citation | 2001 c. v |
National Australia Group Europe
Act 2001
CHAPTER v
CONTENTS
1 Short title
2 Interpretation
3 Appointed day
4 Transfer to Clydesdale Bank
5 Provisions as to trust property and wills
6 Supplementary provisions as to transfer
7 Office-holders
8 Retirement benefits schemes
9 Accounting provisions
10 Distributable profits or reserves of Clydesdale Bank
11 Evidence of transfer
12 Dissolution of Yorkshire Bank
13 Evidence: documents
14 Application of Bankers’Books Evidence Act 1879
15 Savings in respect of transfers of property
16 Application to Scotland and Northern Ireland
17 Costs of Act
ELIZABETH II c. v
National Australia Group Europe
Act 2001
2001 CHAPTER v
An Act to provide for the fusion of the undertakings of Clydesdale Bank PLC
and Yorkshire Bank PLC by the transfer to Clydesdale Bank PLC of the
undertaking of Yorkshire Bank PLC; and for connected purposes.
[4th December 2001]
W
hereas—
National Australia Group Europe Limited (hereinafter called “NAG Europe”)isa
private limited company incorporated in England under the Companies Act 1985 (c. 6)
whose subsidiary companies carry on in the United Kingdom and elsewhere the
businesses of banking and financial services and other related activities:
And whereas Clydesdale Bank PLC (hereinafter called “Clydesdale Bank”) is a public
limited company incorporated in Scotland under the Companies Acts 1862 to 1880 and
carries on in the United Kingdom and elsewhere the businesses of banking and
financial services and other related activities:
And whereas Yorkshire Bank PLC (hereinafter called “Yorkshire Bank”) is a company
incorporated in England under the Companies (Consolidation) Act 1908 (c. 69) and
carries on in the United Kingdom and elsewhere the businesses of banking and
financial services and other related activities:
And whereas Clydesdale Bank and Yorkshire Bank are both wholly-owned
subsidiaries of NAG Europe:
And whereas for the better conduct of the business of NAG Europe and its subsidiaries
it is expedient that provision be made for the fusion of the undertakings of Clydesdale
Bank and Yorkshire Bank by the transfer to Clydesdale Bank of the undertaking of
Yorkshire Bank and that the fusion should be effected economically and without
interference with the conduct and continuity of the businesses carried on by NAG
Europe or its subsidiaries:
And whereas it is expedient that the other provisions in this Act should be enacted:
And whereas the objects of this Act cannot be attained without the authority of
Parliament:
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