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Acquisition of shares in Anglo Irish Bank.
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5.— (1) On the commencement of this Act, all the shares in Anglo Irish Bank are transferred to the Minister.
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(2) Subsection (1) transfers the shares in Anglo Irish Bank without the necessity for any instrument.
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(3) Subsection (1) vests title to the shares in the Minister—
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(a) freed from any liability or any equitable or beneficial right, title or interest (including a security interest) formerly attaching to any such share, and
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(b) together with all rights, benefits and privileges which, on or after the commencement of this Act, attach or accrue to or arise from any such share.
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