Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order, which is made pursuant to the Private Savings Banks (Transfer of Undertakings) Act 1992, vests the undertaking of Bank of New Zealand Savings Bank Limited in its successor, Bank of New Zealand, on 23 April 1993.
The order also declares that Bank of New Zealand Savings Bank Limited shall be deemed to be dissolved on that date.
The effect of the order is to transfer the property, rights, and liabilities of Bank of New Zealand Savings Bank Limited to Bank of New Zealand on 23 April 1993 and to dissolve Bank of New Zealand Savings Bank Limited on the same date.