Insurance (Miscellaneous Provisions) Act, 1985

Holding and sale by Minister of shares of Company.

3.—(1) The Minister may hold for so long as he thinks fit any shares of the Company for the time being vested in him and, after consultation with the Minister for Finance, may, as and when he thinks fit, sell or otherwise dispose of all or any of such shares.

(2) The net proceeds of a sale by the Minister of shares of the Company shall be paid into or disposed of for the benefit of the Exchequer.