Central Bank Act, 1971


Transfers of Banks

Interpretation ( Part III ).

32.—In this Part—

“security” includes a mortgage (whether legal or equitable), charge, debenture, bill of exchange, promissory note, guarantee, lien, pledge or other means of securing the payment of a debt whether present or future, or the discharge of an obligation or liability whether actual or contingent;

“the transferor”, “the transferee” and “the transfer date” have the meanings assigned to them by section 33 of this Act.