Section 1: Short title, extent and commencement — Banks (Transfer of Assets and Liabilities) Act, 1974

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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1. Short title, extent and commencement.___ (1) This Act may be called the Banks (Transfer of Assets and Liabilities) Act, 1974. (2) It extends to the whole of Pakistan. (3) It shall come into force at once.

Effective date: 1974-01-01

Related sections

Section 2: Definitions Section 3: Act to over-ride other laws Section 4: Vesting of specified offices and branches Section 5: Contracts and proceedings Section 6: Excepted liabilities Section 7: Delivery of undertaking

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