To provide that the statutory right of Northern Bank Limited to issue bank notes shall transfer and apply to Danske Bank A/S; and for connected purposes.
The Bill provides for the statutory right of Northern Bank Limited to issue bank notes to be transferred to Danske Bank A/S, following Danske’s acquisition of the Northern bank in 2005.Further information can be found in the Explanatory Memorandum that accompanies the Bill.Read the Explanatory Memorandum
House of Commons
27 November 2008
May contain errors — check source documents for definitive information.
This Private Bill would transfer the statutory right to issue bank notes from Northern Bank Limited to Danske Bank A/S, following Danske’s acquisition of Northern Bank in 2005. If enacted, Danske Bank would become the issuer of Northern Bank banknotes.
The Bill began as a Private Bill in the Commons, had its 1st and 2nd readings in January 2008, and is now in the Committee stage.
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The Bill’s next stage is its Committee stage. It is expected to be considered by an Unopposed Bill Committee which will be appointed solely to consider this Bill.
The members of the Unopposed Bill Committee have not yet been appointed nor has a date been set for the Committee to meet.
A carryover motion, which would have allowed the bill to be re-introduced in the next session, was objected to on 18 November.
On 25 November the parliamentary agents requested on behalf of the promoter that the bill be withdrawn.
No recorded votes for this bill yet.
