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(1)This section applies to any savings bank established before 28th July 1863 under an Act passed in the 59th year of King George III entitled an [1819 c. 62.] Act for the Protection of Banks for Savings in Scotland.
(2)For the purposes of Part II of this Act a savings bank to which this section applies becomes insolvent on the making of a winding-up order against it under Part V of the [1986 c. 45.] Insolvency Act 1986 or on the making of an award of sequestration on the estate of the bank.
(3)A savings bank to which this section applies shall be regarded as a relevant savings bank for the purposes of sections 68 and 69 above.
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