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Shares in Agency
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26. (1) Subject to subsection (2), the Minister and the Minister for Public Expenditure and Reform, may hold, for so long as either of them thinks fit, any shares in the Agency issued to such Minister of the Government.
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(2) The Agency may, subject to the prior consent of the Minister and the Minister for Public Expenditure and Reform, redeem all or any of the shares in the Agency on such terms and conditions as appear to the Board to be appropriate.
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(3) Any funds received in respect of the redemption of a share under subsection (2) shall be paid into, or disposed of for the benefit of, the Exchequer in such manner as the Minister for Public Expenditure and Reform may direct.
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(4) The Minister and the Minister for Public Expenditure and Reform, may, in respect of the shares in the Agency for the time being held by either of them, exercise all or any of the rights and powers from time to time exercisable by the holder of such shares.
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