Bank of Ireland Act, 1935

Limitation of liability of members.

2.—Notwithstanding anything contained in the Act of the Irish Parliament passed in the 21st and 22nd years of the reign of His late Majesty King George the Third and entitled “An Act for establishing a bank by the name of the Governors and Company of the Bank of Ireland” or contained in the Charter or Letters Patent under the Great Seal of Ireland bearing date the 10th day of May, 1783 and granted by His said late Majesty in pursuance of the said Act by which a Bank was established and a Company was incorporated by the name of the Governor and Company of the Bank of Ireland hereinafter called the Bank or contained in the Acts amending the same or any of them, no past or present member of the Bank shall, in the event of a winding up, be liable to contribute towards the debts or liabilities of the Bank to an amount exceeding the amount, if any, unpaid on the stock of the Bank held by him at the date of the commencement of the winding up or within the period of twelve months prior to that date subject as in the next following section specifically provided.