Forestry Act, 1988

Transfer or sale by Minister for Finance of shares.

21.—(1) The Minister for Finance may, from time to time as occasion requires for the purpose of compliance with so much of the Companies Acts as requires that there shall always be a minimum number of members of the company, transfer to any person one of his shares.

(2) The Minister for Finance may hold for so long as he thinks fit any shares of the company taken up or acquired by him under this Act and, after consultation with the Minister, may, as and when he thinks fit, sell all or any of such shares.

(3) The net proceeds of a sale by the Minister for Finance of shares of the company shall be paid into or disposed of for the benefit of the Exchequer.