Foir Teoranta Act, 1972.

Obligation of shareholder (other than Minister) to hold share in trust for Minister.

11.—(1) A member of the Company (other than the Minister) shall hold his share in the Company upon trust for the Minister and shall accordingly be bound to pay all dividends and other moneys which he receives in respect of the share to the Minister for the benefit of the Exchequer and to transfer, as and when required by the Minister, the share to the Minister or a person nominated in that behalf by the Minister.

(2) Save when required pursuant to subsection (1) of this section, a member of the Company (other than the Minister) shall not transfer or alienate his share in the Company.