Section 6: Excepted liabilities
The Banks (Transfer of Assets and Liabilities) Act, 1974 · Banking/Financial Laws · Legal status not independently verified
Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.
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6. Excepted liabilities.—Notwithstanding anything contained in this Act, the Federal Government may by order direct that any borrowings, liabilities or obligations specified in such order shall not form part of the undertaking of a specified office or branch transferred by virtue of section 4.
Effective date: 1974-01-01
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Version banks-transfer-of-assets-and-liabilities-act-1974~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.