Agricultural Credit Act, 1965

Provisions relative to Houses of Oireachtas.

10.—(1) Where a director of the Corporation is nominated, with his consent, as a candidate for election to either House of the Oireachtas or is nominated as a member of Seanad Éireann, he shall thereupon cease to be such director.

(2) Where a person who is either an officer or a servant in the employment of the Corporation becomes a member of either House of the Oireachtas—

(a) he shall, during the period commencing upon his becoming entitled under the Standing Orders of that House to sit therein and ending either when he ceases to be a member of that House or, if it should sooner happen,upon his resignation or retirement from such employment by the Corporation, stand seconded from such employment,

(b) he shall not be paid by, or entitled to receive from the Corporation any salary or wages, as the case may be, in respect of that period.

(3) If a person who is or was an officer or servant of the Corporation becomes entitled to a pension under the Ministerial and Parliamentary Offices Acts, 1938 to 1960, he shall not be entitled to reckon the whole or any part of his period of pensionable service, within the meaning of those Acts, for any superannuation benefits payable under a scheme made by the Corporation for the payment of superannuation benefits to or in respect of the officers or servants of the Corporation.

(4) A person who is for the time being entitled under the Standing Orders of either House of the Oireachtas to sit therein shall, while so entitled, be disqualified from being or becoming a director of the Corporation or an officer or servant of the Corporation.