HBOS Group Reorganisation Act 2006

23 Transfer of the Society

(1) The directors of CMIG may appoint a day to be the appointed day for the undertaking of the Society for the purposes of this Part.

(2) Where a day is appointed under subsection (1) above the provisions of this Part set out in subsection (3) shall apply as if—

(a) the day had been appointed under section 9 (appointed day) above;

(b) references in the provisions to the appointed undertaking were references to the undertaking of the Society;

(c) references in the provisions to the transferor company or transferor companies were references to the Society; and

(d) references in the provisions to the Bank were references to CMIG.

(3) The provisions referred to in subsection (2) are—

• Section 9(3) and (4);

• Sections 10 and 11;

• Section 12(1) to (6) and (8) to (23);

• Section 13;

• Sections 14 and 15 (save that references to the financial year of the Bank shall be treated as references to a financial year determined in accordance with the provisions of section 223 of the 1985 Act); and

• Sections 16 to 19 and 21.

(4) On the day appointed under subsection (1) above—

(a) the Society shall be dissolved; and

(b) the enactments set out in Part 2 of Schedule 2 shall be repealed.