Asset Covered Securities Act, 2001
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NTMA may be appointed as temporary manager in certain circumstances. |
75.—When section 72 (1) or 73 applies, the Authority may, by notice published in Iris Oifigiúil, appoint the NTMA as a temporary manager of the asset covered securities business of a designated or formerly designated credit institution, or of such of these activities as are specified in the notice, until either— | |
(a) a manager is appointed in respect of the institution, or | ||
(b) an appropriate body corporate becomes the parent entity of the institution. |