Irish Aviation Authority Act, 1993

Issue of share to Minister.

20.—(1) The company shall issue to the Minister one share of one pound in the share capital of the company.

(2) The Minister may exercise in respect of his share in the share capital of the company all the rights and powers of a holder of such shares and, where a right or power is exercisable by attorney, exercise it by his attorney.

(3) The cost of such share shall be advanced to the Minister out of the Central Fund or the growing produce thereof.

(4) The Minister shall not transfer or alienate his share in the share capital of the company.