Social Welfare Act, 1993

Removal and appointment of trustees by High Court.

49.—Section 63 of the Pensions Act is hereby amended by the substitution for subsection (1) of the following subsection:

“(1) The High Court (in this Part referred to as ‘the Court’) may, on application to it by the Board by petition, make an order—

(a) for the removal of a trustee of a scheme and the appointment of a new trustee, and

(b) that a trustee so removed shall not act as a trustee of a scheme for such period as the Court may order.”.