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Section 45 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 45. Saving

Nothing in this Act shall be deemed to affect the power of the State Bank of India constituted under the State Bank of India Act,1955 (23 of 1955), to acquire the business of the Hyderabad Bank in accordance with the provisions of section 35 of that Act, and where the business of the Hyderabad Bank has been so acquired, the bank shall, on such acquisition, stand dissolved and the provisions of this Act shall cease to apply thereto.

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The State Bank of Hyderabad Act,1956

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