Irish Collective Asset-Management Vehicles Act 2015


Effect of removal and dissolution

164. (1) The liability, if any, of an officer or member of an ICAV that has been dissolved under section 163 (4) shall continue and may be enforced as if the ICAV had not been dissolved.

(2) Nothing in this section or in section 163 shall affect the power of the High Court to wind up an ICAV that has been struck off the register of ICAVs or dissolved under that section.

(3) For the purposes and the purposes only of—

(a) an application for the restoration of the ICAV to the register of ICAVs under section 167 or 168 , or

(b) in so far as is necessary for the making of such an application (or the doing of anything required by or under Chapter 2 to be done consequent on the making of it),

an ICAV shall be deemed not to have been dissolved under section 163 .

(4) Subsection (3) shall not be read as authorising the dealing with, or the exercising of control over, any property that has become the property of the State pursuant to Part III of the State Property Act 1954.