Lloyds TSB Act 1998

Lloyds TSB Act 1998
Dates
Parliament of the United Kingdom
Long title	An Act to provide for the transfer to and vesting in Lloyds Bank Plc of the undertakings of TSB Bank plc and Hill Samuel Bank Limited; and for connected purposes.
Citation	1998 cap. v
Introduced by	Private Act
Royal assent	31 July 1998
Commencement	28 June 1999
Status: Current legislation
Text of the Lloyds TSB Act 1998 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk

The Lloyds TSB Act 1998 is a private Act of the United Kingdom Parliament, to provide for the transfer to and vesting in Lloyds Bank Plc of the undertakings of TSB Bank plc and Hill Samuel Bank Limited (members of the Lloyds TSB Group); and for connected purposes.

Background

The Lloyds TSB merger was structured as a reverse takeover; Lloyds Bank Plc was delisted from the London Stock Exchange and TSB Group plc was renamed Lloyds TSB Group plc on 28 December 1995, with former Lloyds Bank shareholders owning a 70 per cent equity interest in the share capital, effected through a scheme of arrangement.

Objectives

The new bank commenced trading in 1999, after the statutory process of integration was completed. On 28 June, TSB Bank plc transferred engagements to Lloyds Bank Plc which then changed its name to Lloyds TSB Bank plc; at the same time, TSB Bank Scotland plc absorbed Lloyds' three Scottish branches becoming Lloyds TSB Scotland plc.

External links

Lloyds TSB Act 1998

Lloyds Banking Group

Retail

Commercial

Consumer

Insurance

Scottish Widows
Lloyds Bank General Insurance (underwriter)
Lloyds Bank Insurance Services (intermediary)

Former

Lloyds TSB	Lloyds Associated Banking Company Lloyds and National Provincial Foreign Bank Bank of London and South America Bank of London and Montreal Cox & Kings National Bank of New Zealand Lloyds Bank California Lloyds Bank Canada Cunliffe, Brooks Fox, Fowler and Company Lewis's Bank Cheltenham & Gloucester Trustee Savings Bank TSB Bank

HBOS	Bank of Scotland International Halifax (Ireland) Banco Halifax Hispania Intelligent Finance Clerical Medical British Linen Bank The Leeds

Annual Group Revenue: GB£43.467 billion (2010)
Employees: 100,000 (2012)
Stock Symbol: LSE: LLOY
NYSE: LYG
Website: www.lloydsbankinggroup.com
Legislation: Lloyds TSB Act 1998
HBOS Group Reorganisation Act 2006

Category
Commons

United Kingdom legislation

Pre-Parliamentary legislation	List of English statutes Charter of Liberties Magna Carta

Acts of Parliament by states preceding the Kingdom of Great Britain	Acts of the Parliament of England to 1483 1485–1601 1603–1641 Interregnum (1642–1660) 1660–1699 1700–1706 Acts of the Parliament of Scotland

Acts of Parliament of the Kingdom of Great Britain	1707–1719 1720–1739 1740–1759 1760–1779 1780–1800

Acts of the Parliament of Ireland	to 1700 1701–1800

Acts of Parliament of the United Kingdom of Great Britain and Ireland and the United Kingdom of Great Britain and Northern Ireland	1801–1819 1820–1839 1840–1859 1860–1879 1880–1899 1900–1919 1920–1939 1940–1959 1960–1979 1980–1999 2000 to date Halsbury's Statutes Legislation.gov.uk Short titles

Church of England measures	List Church of England Assembly (Powers) Act 1919

Legislation of devolved institutions	Acts of the Scottish Parliament List Acts and Measures of the National Assembly for Wales List Acts of the Northern Ireland Assembly List Acts of the Parliament of Northern Ireland List Orders in Council for Northern Ireland List

Orders-in-Council	Order in Council

Secondary legislation	United Kingdom Statutory Instruments Scottish Statutory Instruments Acts of Sederunt Acts of Adjournal

This article is issued from Wikipedia - version of the 5/24/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.

Lloyds TSB Act 1998

Background

Objectives

See also

External links