Section 7: Delivery of undertaking — 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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7. Delivery of undertaking.—Where any part of the undertaking of a specified office or branch is in the possession or under the control of any person, such person shall, within seven days of the commencement of this Act, deliver the same to a representative of the National Bank of Pakistan duly authorised in that behalf.

Effective date: 1974-01-01

Related sections

Section 6: Excepted liabilities Section 8: Police assistance Section 5: Contracts and proceedings Section 9: Evaluation Section 4: Vesting of specified offices and branches Section 10: Validity of action of officers of specified offices and branches

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