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Postal and Telecommunications Services Act 1983
Obligation of shareholder (other than the Minister) to hold share in trust.
25.—(1) A member of either company (other than the Minister) shall hold his share in the company issued under section 20 in trust for the Minister and shall accordingly be bound to pay all dividends and other money which he receives in respect of the share to the Minister for the benefit of the Exchequer and to transfer, as and when required by the Minister, the share to the Minister or a person nominated in that behalf by the Minister.
(2) Save when required pursuant to subsection (1), such member shall not transfer or alienate his share.
Annotations
Modifications (not altering text):
C23
Application of section restricted insofar as it applies to the company (7.02.1997) by Telecommunications (Miscellaneous Provisions) Act 1996 (34/1996), s. 14(2) and sch. 3 part II, S.I. No. 72 of 1996, art. 3.
Repeals
14.— ...
(2) The enactment mentioned in column (2) of Part II of the Third Schedule is hereby repealed to the extent mentioned in column (3) of that Schedule in so far as it applies to the company.
THIRD SCHEDULE
Repeals
Section 14
...
PART II
|
Number and Year |
Title of Act |
Extent of Repeal |
|
(1) |
(2) |
(3) |
|
No. 24 of 1983. |
Postal and Telecommunications Services Act, 1983. |
Sections 10 (3) (c) and (d), 16 (1) and (2) (a), (b), (c), (d), (f), 17, 19 (4), 21, 23, 25, 31 (3), 36 and 110 (5) in so far as they apply to the company. |