National Bank Transfer Act, 1966

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Interpretation.

1.—In this Act—

“the transferor” means The National Bank Limited, a company incorporated in England and having its registered office at 13-17 Old Broad Street in the city of London;

“the transferee” means The National Bank of Ireland Limited, a company incorporated in the State and having its registered office at 34, College Green in the city of Dublin;

“the Transfer Agreement” means the Agreement dated the 20th January, 1966, and made between the transferor and the transferee for the sale by the transferor to the transferee of the business of the transferor carried on in the State and in Northern Ireland;

“the transfer date” means the date specified in the Transfer Agreement as the date for the completion of the said sale;

“customer” includes any person having a banking account or other dealing, transaction or arrangement with the transferor or the transferee (as the case may be) in the course of its banking business;

“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.