Irish National Petroleum Corporation Limited Act, 2001

Interpretation.

1.—(1) In this Act—

“Agency” means the National Oil Reserves Agency Limited;

“Bantry Offshore Jetty” means that part of the premises demised by the Indenture of Surrender and Lease of Foreshore dated 7 February 2000, and made between the Minister for the Marine and Natural Resources of the one part and Bantry Terminals Limited of the other part and known as the “Main Jetty” and which, for identification purposes only, is more particularly delineated on the deposited map and coloured red thereon;

“Corporation” means the Irish National Petroleum Corporation Limited;

“deposited map” means the map deposited by the Minister in the Ordnance Survey Office, Dublin, on 21 June 2001, which is sealed with the Official Seal of the Minister and signed by the Minister and has at the top of it the words and figures “Deposited for the purposes of any Act of the Oireachtas passed in the year 2001, to provide for the sale of the shares of the Minister for Public Enterprise in the Irish National Petroleum Corporation Limited and the disposal of certain assets and liabilities of that Corporation, including the sale of certain of its subsidiaries and to provide for related matters”;

“Minister” means the Minister for Public Enterprise;

“purchaser” shall be construed in accordance with section 6 ;

“shares” means shares in the Corporation;

“subsidiary” means a subsidiary of the Corporation (being a subsidiary within the meaning of section 155 of the Companies Act, 1963 );

“trust” shall be construed in accordance with section 5 .

(2) In this Act—

(a) a reference to a section is a reference to a section of this Act, unless it is indicated that reference to some other enactment is intended,

(b) a reference to a subsection or paragraph is a reference to a subsection or paragraph of the provision in which the reference occurs, unless it is indicated that reference to some other provision is intended, and

(c) a reference to an enactment shall be construed as a reference to that enactment as amended, adapted or extended, by or under any subsequent enactment including this Act.