(1)The Company may with the sanction of a special resolution and with the consent of the Secretary of State for Trade and Industry change its name but no such change of name shall be effective until it is advertised in the Edinburgh Gazette and the London Gazette.
(2)No change of name by the Company shall affect any rights or obligations of the Company or render defective any legal proceedings by or against it; and any legal proceedings that might have been continued or commenced against it by its former name may be continued or commenced against it by its new name.
(3)Notwithstanding any other provisions of this Act the Company shall have power to carry on business in Canada in the name and designation of either “The Standard Life Assurance Company” or “Compagnie d'assurance Standard Life” or in both of the said names and designations.
(4)Any policy, deed or other writing relating in whole or in part to the Company’s business in Canada to which the Company is a party shall be equally binding whether the Company contracts in the name and designation of “The Standard Life Assurance Company” or of “Compagnie d'assurance Standard Life” or in both of the said names and designations.
(5)Any action, suit, reference, arbitration or other proceeding by or against the Company in connection with the Company’s business in Canada shall be equally enforceable by or against the Company whether raised by or against the Company in the name and designation of “The Standard Life Assurance Company” or of “Compagnie d'assurance Standard Life” or in both of the said names and designations.
(6)Nothing in subsections (3) to (5) of this section shall prevent the Company from changing its name in the manner provided by subsection (1) of this section; and the Company may with the sanction of a special resolution change the name of the Company in French, to another name in French. The provisions of subsection (2) of this section shall apply to any change of name of the Company in French in like manner as it applies to a change of name under subsection (1) of this section.
(7)The provisions of subsection (3) of this section are without prejudice to the Company’s power to carry on business in any territory under a name which does not consist of its corporate name.