LegalizeArramara Teoranta (Acquisition of Shares) Act 2002
1 Definition.
1.—In this Act, “Principal Act” means the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949.
2 New section 1 of Principal Act.
2.—The Principal Act is amended by substituting the following for section 1:
| “Definitions. | 1.—In this Act— ‘Company’ means Arramara Teoranta, which was incorporated on 12 February 1947 as the Alginate Industries (Ireland) Limited and whose change of name to Arramara Teoranta was registered by the then entitled Registrar of Joint Stock Companies on 20 September 1955; ‘Minister’ means the Minister for the Marine and Natural Resources.”. |
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3 Amendment of section 2 of Principal Act.
3.—Section 2 (as amended by the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1954) of the Principal Act is amended in subsection (1) by substituting “a sum or sums not exceeding €1,200,000 in the acquisition of shares of €1 each in the Company at a price not exceeding €1 per share” for “a sum or sums not exceeding forty-three thousand pounds in the acquisition of shares of one pound each in the Company at a price not exceeding one pound per share”, and the said subsection (1), as so amended, is set out in the Table to this section.
TABLE
(1) The Minister may expend a sum or sums not exceeding €1,200,000 in the acquisition of shares of €1 each in the Company at a price not exceeding €1 per share.
4 Short title and collective citation.
4.—(1) This Act may be cited as the Arramara Teoranta (Acquisition of Shares) Act, 2002.
(2) The Alginate Industries (Ireland) Limited (Acquisition of Shares) Acts, 1949 and 1954, and this Act may be cited together as the Arramara Teoranta (Acquisition of Shares) Acts, 1949 to 2002.
This document does not substitute the official text published in the Irish Statute Book. We accept no responsibility for any inaccuracies arising from the transcription of the original into this format.