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Bank Simpanan Nasional Act 1974 · s 18

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s 18Transfer of powers, rights and privileges, assets and liabilities

All powers, rights and privileges, movable properties, assets, debts, liabilities and obligations vested in or belonging to, and all other business transacted by the Post Office Savings Bank shall, on the appointed date, be transferred to and vest in the Bank without further conveyance and its business shall be carried on by the Bank.