National Oil Reserves Agency Act 2007

4

Transfer to Minister of share owned by Irish National Petroleum Corporation Limited in National Oil Reserves Agency Limited.

4.— Notwithstanding any enactment or rule of law or any provision contained in the memorandum or articles of association of the Irish National Petroleum Corporation Limited, the Minister shall by order direct the Irish National Petroleum Corporation Limited to transfer, on the share transfer day, the share owned by it in the National Oil Reserves Agency Limited to the Minister on such terms and conditions as the Minister, after consulting with the Minister for Finance, thinks fit.

Annotations

Editorial Notes:

E6

Power pursuant to section exercised (17.04.2007) by National Oil Reserves Agency Act 2007 (Share Transfer) Order 2007 (S.I. No. 155 of 2007).