ICC Bank Act, 2000

Disposal of shares in ICC Bank.

4.—(1) Subject to this section, the Minister may, subject to subsection (2), sell, exchange, transfer or otherwise dispose of any or all of the shares held by the Minister in ICC in such manner and upon and subject to such terms and conditions as he or she may determine and may, for the purposes aforesaid, enter into agreements and arrangements.

(2) The Minister shall obtain a motion of approval from Dáil éireann prior to making a disposal under subsection (1).

(3) This section does not apply to a sale or transfer under section 2 (2) of the ICC Bank Act, 1999 , of shares held by the Minister.