Industrial Development Act, 1969
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Authority's power to purchase shares in certain industrial undertakings. |
44.—(1) Where, in the opinion of the Authority, an industrial undertaking conforms to the requirements of sections 33 (3) and 34 (3) of this Act, the Authority may out of funds at its disposal purchase or take shares in the body corporate owning, controlling or managing the undertaking. | |
(2) Shares purchased or taken by the Authority under this section shall be registered in the name of the Minister for Finance. | ||
(3) All amounts representing dividends or other moneys received by the Minister for Finance in respect of shares purchased or taken under this section shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance may direct. |