Section 51. Requirements of foreign law to be complied within certain cases

3[ 51. Requirements of foreign law to be complied within certain cases.— If, according to the laws of any country outside India, the provisions of this Act by themselves are not effective to transfer to and vest in the State Bank any asset or liability which forms part of the undertaking of the Imperial Bank and which is situate in that country, the Imperial Bank shall take all such steps as may be required by the laws of that country for the purpose of effecting or perfecting such transfer and vesting, and in connection therewith the Imperial Bank may realise any asset and discharge any liability and transfer the net proceeds thereof to the State Bank.] 52. [ Amendment of Act 2 of 1934 . ] Rep. by the Repealing and Amending Act , 1960 (58 of 1960), s . 2 and the I Sch. ( w.e.f. 26-12-1960). 53 . [ Amendment of Act 10 of 1949 . ] Rep. by s . 2 and the I Sch. , ibid. ( w.e.f . 26-12-1960). 4 [ 54. [ Amendment of Act 47 of 1920 . ] Rep . by s. 2 and the I Sch. , ibid . ( w.e.f . 26-12-1960).