Trustee Savings Banks (Amendment) Act, 2001
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Exemption from stamp duty. |
2.—The Trustee Savings Banks Act, 1989 , is amended by the substitution for section 64 of the following section: | |
“64.—Stamp duty, other than stamp duty provided for in sections 114 to 122 of the Stamp Duties Consolidation Act, 1999 , shall not be chargeable on any transfer, conveyance or other instrument executed for the purposes of providing for or effecting— | ||
(a) an amalgamation of trustee savings banks under Part VI, | ||
(b) the reorganisation of a trustee savings bank into a company under section 57, including the transfer or other disposal to that company of all or part of the undertaking, property and rights of the trustee savings bank and of all or part of the liabilities or obligations thereof, including deposits in the said trustee savings bank and the liabilities referable thereto, or | ||
(c) the reorganisation of a relevant company into a banking company under section 57, including the transfer or other disposal to that banking company of all or part of the undertaking, property and rights of the relevant company and of all or part of the liabilities or obligations thereof, including deposits formerly in a trustee savings bank to which the relevant company succeeded and the liabilities referable thereto.”. |