SCHEDULE 1 continued
(4) The Bank shall have full power to use any of the powers conferred by, and to achieve or try to achieve any of the objects set out in, any one or more of the provisions of paragraph 1.
(5) In this Schedule, unless the subject or context requires otherwise, the following terms shall have the following meanings—
“acquire” means to acquire in any way, including purchasing, taking options over, taking on lease or in exchange, hiring, subscribing for, or otherwise acquiring, and for any kind of estate or interest, whether directly or indirectly, by contract, tender, underwriting or in any other way and on any terms and conditions;
“the Bank” means Bank of Scotland plc;
“company” includes any company or corporate body established anywhere in the world;
“holding company” has the same meaning as in the Companies Act 1985 (c. 6), except that it also includes any other parent undertaking, as defined in that Act;
“person” includes a body of persons corporate or unincorporated;
“property” includes real, heritable, moveable and personal property of any kind and any interest in, or right to, any such property;
“securities” include any shares, stocks, debentures, debenture stock, bonds, notes or warrants, whether fully or partly paid; and
“subsidiary” has the same meaning as in the Companies Act 1985, except that it also includes any other subsidiary undertaking, as defined in that Act.
Sections 8 and 23
| Title and reference | Extent of repeal |
|---|---|
| An Act of the Parliament of Scotland, 5 William III, 17 July 1695, for Erecting a Bank in Scotland | In the copy printed in Edinburgh by the King’s printer of Acts of the Parliament of Scotland—
|
| The Bank of Scotland Act 1873 (c. xcix) | The whole Act. |
| Bank of Scotland Act 1920 (c. xxxi) | The whole Act. |
| Bank of Scotland Order Confirmation Act 1954 (c. lvi) | Section 15 of the Schedule. |
| Title and reference | Extent of repeal |
|---|---|
| The Clerical, Medical and General Life Assurance Act 1961 (c. xii) | The whole Act. |
| The Clerical, Medical and General Life Assurance Act 1974 (c. xi) | The whole Act. |