|
|
Winding up of Trustees.
|
5.—(1) (a) The Minister may by letter signed by him and addressed to the secretary to the Trustees require the Trustees to wind up their affairs and in case such a requirement is made of the Trustees they shall, as soon as may be thereafter, wind up their affairs.
|
|
| |
(b) The Trustees may with the concurrence of the National Executive decide to wind up their affairs.
|
|
| |
(2) (a) The Trustees may do or cause to be done anything required to enable them—
|
|
| |
(i) to fulfil an obligation imposed on them by virtue of subsection (1) (a) of this section, or
|
|
| |
(ii) to carry into effect a decision taken by virtue of subsection (1) (b) of this section.
|
|
| |
(b) (i) Without prejudice to the generality of paragraph (a) of this subsection and notwithstanding anything contained in the Principal Act, subject to subparagraph (ii) of this paragraph, the Trustees may for the purposes referred to in the said paragraph (a) terminate the appointment under section 7 (1) of the Principal Act of any person who for the time being is the secretary to the Trustees.
|
|
| |
(ii) The termination of an appointment referred to in subparagraph (i) of this paragraph shall be on such terms as may be agreed between the Trustees with the concurrence of the Minister for the Public Service and the other person concerned, or, in default of such agreement, as may be determined by the Minister for the Public Service.
|
|
| |
(3) Notwithstanding subsection (2) of this section, the Trustees shall not assign, surrender or otherwise dispose of their interest in any premises acquired or taken on lease by them without the prior approval of the Minister.
|
