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Alteration of memorandum and articles of association of the Company.
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85.—Notwithstanding anything contained in the Companies Acts, 1908 to 1924, no alteration in the memorandum of association or articles of association of the Company which is made while any share capital of the Company is held by the Minister for Finance or while any guarantee by the Government of Saorstát Eireann of any contract of re-insurance entered into by the Company is subsisting shall be valid or effectual unless made with the previous approval of the Minister for Finance given after consultation with the Minister.
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