12Dissolution of Yorkshire Bank

(1)Yorkshire Bank shall by virtue of this Act be dissolved on the day on which, in pursuance of a request made by or on behalf of Clydesdale Bank at any time after the appointed day, the registrar of companies strikes Yorkshire Bank off the register.

(2)Notwithstanding section 654 of the Companies Act 1985 (c. 6) (property of a dissolved company), on the day on which Yorkshire Bank is struck off the register under subsection (1) above all seals and documents of or relating to Yorkshire Bank not transferred to Clydesdale Bank on the appointed day shall, by virtue of this Act, be transferred to Clydesdale Bank and, where required to be kept at a place in England, shall be kept by Clydesdale Bank at such a place.