Air Navigation and Transport Act 2022

20

Issue of share to Minister

20. (1) The IANS shall issue to the Minister one share of one euro in the share capital of the IANS.

(2) The Minister may exercise in respect of his or her share in the share capital of the IANS all the rights and powers of a holder of such shares and, where a right or power is exercisable by attorney, exercise it by his or her attorney.

(3) The cost of such share shall be advanced to the Minister out of the Central Fund or the growing produce thereof.

(4) The Minister shall not transfer or alienate his or her share in the share capital of the IANS.