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Amendment of Schedule 1 to Principal Act.
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213.—(1) Schedule 1 to the Principal Act is amended—
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(a) by the substitution under the Heading “MORTGAGE, BOND, DEBENTURE, CONVENANT (except a marketable security) which is a security for the payment or repayment of money which is a charge or incumbrance on property situated in the State other than shares in stocks or funds of the Government or the Oireachtas.” of “£200,000” for “£20,000” in each place where it occurs,
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(b) by the substitution of “€254,000” for “£200,000” (inserted by paragraph (a)) in each place where it occurs, and
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(c) by the deletion of the Heading “POLICY OF LIFE INSURANCE made for a period exceeding 2 years where the risk to which the policy relates is located in the State.” and the provision under that Heading.
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(2) (a) Subsection (1)(a) shall apply and have effect in relation to instruments executed on or after 26 January 2001.
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(b) Subsection (1)(b) shall apply and have effect in relation to instruments executed on or after 1 January 2002.
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(c) Subsection (1)(c) shall apply and have effect in relation to instruments executed and policies of life insurance varied on or after 1 January 2001.
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