Bank of Ireland Act, 1935

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Number 1 (Private) of 1935.


BANK OF IRELAND ACT, 1935.


ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Limitation of liability of members.

3.

Continuance of liability for notes.

4.

Repeal.

5.

Short Title.


SCHEDULE

ENACTMENT REPEALED

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Number 1 (Private) of 1935.


BANK OF IRELAND ACT, 1935.


AN ACT TO LIMIT THE LIABILITY OF THE STOCKHOLDERS OF THE BANK OF IRELAND. [20th June, 1935.]

Preamble.

WHEREAS under an Act of the Parliament of Ireland passed in the 21st and 22nd years of the reign of His late Majesty King George the Third and entitled “An Act for establishing a bank by the name of the Governors and Company of the Bank of Ireland” and by a Charter or Letters Patent under the Great Seal of Ireland bearing date the 10th day of May, 1783 and granted by His said late Majesty in pursuance of the said Act, a Bank was established and a Company was incorporated by the name of the Governor and Company of the Bank of Ireland;

AND WHEREAS from time to time the said Act and the said Charter have been amended and further and other provision made in respect of the said Bank by Acts passed by the Parliament of Ireland and by the Parliament of the late United Kingdom of Great Britain and Ireland respectively and by an Act No. 4 (Private) of 1929 passed by the Oireachtas;

AND WHEREAS it is expedient to limit the liability of the Members of the said Bank and for that purpose further to amend the said first mentioned Act;

AND WHEREAS the purposes of this Act cannot be carried into effect without the authority of the Oireachtas;

BE IT THEREFORE ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:—