Turf Development Act, 1998
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Issue of shares to Minister for Finance. |
15.—(1) As soon as may be after the vesting day, the Company shall issue to the Minister for Finance shares whose nominal value is such that, when it is added to the nominal value of the shares issued under sections 12 and 13 , the total nominal value of issued shares is equal to the value of the net assets of the Company on the vesting day as determined by the Minister with the concurrence of the Minister for Finance. | |
(2) As soon as may be after the making of a payment by the Minister for Finance under section 21 , the Company shall issue to the Minister for Finance shares equal in nominal value to the amount of the payment. |