Taisci Stait Teoranta Act, 1963

Transfer by Minister of shares.

10.—(1) The Minister may, from time to time as occasion requires for the purpose of compliance with so much of the Companies Acts as requires that there shall always be at least seven members of the Company or for the purpose of providing a person appointed, or about to be appointed, a director of the Company with the necessary qualification, transfer to any person one of his shares in the Company.

(2) Save as authorised by subsection (1) of this section, the Minister shall not transfer or alienate any of his shares in the Company.