Central Bank Act 1942

6B

F79 [ Bank s power to hold and deal in land, etc.

6B

6B. (1) For the purpose of enabling the Bank to perform its functions, the Bank

( a ) may acquire and hold land, and

( b ) may build, establish, equip and maintain offices and other premises,

in such places, whether in the State or elsewhere, as it considers appropriate.

(2) The Commission is responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Bank to perform and exercise its functions and powers.

(3) The Bank may sell, lease or otherwise dispose of land held by the Bank whenever the Commission considers that the land is no longer required for the purpose of enabling the Bank to perform its functions.

(4) In this section acquire includes acquire by purchase, lease or exchange. ]

Annotations:

Amendments:

F79

Substituted (1.10.2010) by Central Bank Reform Act 2010 (23/2010), s. 14(1) and sch. 1, pt. 1, item 26, S.I. No. 469 of 2010.

Editorial Notes:

E32

Previous affecting provision: section inserted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 7, S.I. No. 160 of 2003; substituted (1.08.2004) by Central Bank and Financial Services Authority of Ireland Act 2004 (21/2004), s. 4, S.I. No. 455 of 2004; substituted as per F-note above.