National Bank of New Zealand Limited Act 1994

Reprint as at 1 April 2008

National Bank of New Zealand Limited Act 1994

Private Act1994 No 3
Date of assent27 May 1994
Commencementsee section 1

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.


An Act to provide for—

  • (a) the transfer to The National Bank of New Zealand Limited of the undertaking of The Rural Bank Limited; and

  • (b) the dissolution of The Rural Bank Limited; and

  • (d) various consequential amendments and related matters

  • Preamble

    Whereas—

    • A The National Bank of New Zealand Limited is a duly incorporated company under the Companies Act 1955 and a registered bank within the meaning of the Reserve Bank of New Zealand Act 1989:

    • B The Rural Bank Limited, which was formerly named Rural Banking and Finance Corporation of New Zealand Limited, is a duly incorporated company under the Companies Act 1955 and a registered bank within the meaning of the Reserve Bank of New Zealand Act 1989:

    • C The Rural Bank Limited is a wholly owned subsidiary of The National Bank of New Zealand Limited:

    • D it is expedient in the interests of banking efficiency that the banking business conducted by The Rural Bank Limited should be amalgamated with the banking business of The National Bank of New Zealand Limited, and that The Rural Bank Limited be dissolved:

    • E legislation is the only means by which the amalgamation of the banking business of both the banks can be effected efficiently and economically and without interference with the conduct and continuity of the business of banking in the interests of the banks, their customers, and other persons having business with them and the only means by which appropriate amendments to, and repeals of, existing legislation can be effected:

    • F the objects of this Act cannot be attained without the authority of Parliament.