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Insurance (Miscellaneous Provisions) Act, 1985
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Number 8 of 1985

INSURANCE (MISCELLANEOUS PROVISIONS) ACT, 1985

ARRANGEMENT OF SECTIONS

Section

1.

Definitions.

2.

Acquisition of shares of Company by Minister.

3.

Holding and sale by Minister of shares of Company.

4.

Exercise by Minister of right or power exercisable by holder of shares.

5.

Payment of dividends, etc., into Exchequer.

6.

Restriction on issue of shares.

7.

Restriction on alteration of memorandum and articles of association.

8.

Memorandum and articles of association of Company.

9.

Obligation to furnish balance sheets etc., to Minister.

10.

Directors of Company.

11.

Obligation of shareholders (other than Minister) to hold shares in trust for Minister.

12.

Vesting in Minister upon director's or other member's death, etc., of share held by such director or member.

13.

Membership of either House of Oireachtas by directors, officers or servants of Company.

14.

Guarantee by Minister of certain payments by The Insurance Corporation of Ireland, public limited company.

15.

Provision of moneys for payments out of Central Fund.

16.

Amendment of sections 2 and 3 of Insurance Act, 1964, and section 2 of Insurance (No. 2) Act, 1983.

17.

Expenses.

18.

Short title and collective citation.

Acts Referred to

Companies Acts, 1963 to 1983

Insurance Act, 1964

1964, No. 18

Insurance (No. 2) Act, 1983

1983, No. 29

Insurance Acts, 1909 to 1983

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Number 8 of 1985

INSURANCE (MISCELLANEOUS PROVISIONS) ACT, 1985

AN ACT TO AUTHORISE THE MINISTER FOR INDUSTRY, TRADE, COMMERCE AND TOURISM TO TAKE UP SHARES OF SEALÚCHAIS ÁRACHAIS TEORANTA, TO PROVIDE FOR THE GUARANTEEING BY THE MINISTER FOR INDUSTRY, TRADE, COMMERCE AND TOURISM OF CERTAIN PAYMENTS BY THE INSURANCE CORPORATION OF IRELAND, PUBLIC LIMITED COMPANY, TO AMEND THE INSURANCE ACTS, 1909 TO 1983, AND TO PROVIDE FOR CONNECTED MATTERS. [8th April, 1985]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: