Investment Limited Partnerships (Amendment) Act 2020

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Amendment of Act of 2015 - new section 34A relating to powers of attorney

51. The Act of 2015 is amended by the insertion of the following section after section 34:

“Powers of attorney

34A. (1) Notwithstanding anything in its instrument of incorporation, an ICAV may empower any person, either generally or in respect of any specified matters, as its attorney, to execute deeds or do any other matter on its behalf in any place whether inside or outside the State.

(2) A deed signed by such attorney on behalf of the ICAV shall bind the ICAV and have the same effect as if it were under its common seal.”.