Document ID: chunk:federal_register_of_legislation:C2016C00633:section:9
Version: federal_register_of_legislation:C2016C00633
Segment Type: section
Provision Reference: s 9
Character Range: 11682–12347

9  Transfer of asset etc. not to require consent etc. of third party
  If:
 (a) a financial corporation is proposing to transfer an asset or liability to another financial corporation; and
 (b) apart from this Act, the transferring corporation or receiving corporation would be required (whether under an instrument or otherwise):
 (i) to obtain the consent or approval of a third person in a particular respect; or
 (ii) to give particular information to a third person;
  before effecting the transfer of the asset or liability;
the transfer may be validly effected without the consent or approval being obtained, or the information given, as the case requires.