![]() (a) all the business, property, rights, liabilities and obligations of TSB Bank shall transfer to, and vest in, the transferee and (2) Save as provided in the contract, on and from the transfer date. (1) The reorganisation of TSB Bank into the transferee as provided in the contract is authorised. (b) a reference to a paragraph or subparagraph is a reference to the paragraph or subparagraph of the provision in which the reference occurs, unless it is indicated that reference to some other provision is intended.ĪUTHORISATION OF REORGANISATION OF TSB BANK INTO THE TRANSFEREEģ. (a) a reference to an Article is a reference to an Article of this Order, unless it is indicated that reference to some other Order is intended “TSB Bank” means the bank known as TSB Bank and references in this Order to TSB Bank shall, where the context so admits or requires, include the trustees or any one or more of them. “trustees” means the trustees, for the time being, of TSB Bank “transferee” means Kencarol Limited, a company incorporated under the Companies Acts with registered number 308042, being a company referred to in section 57(3)(c)(ii) of the Principal Act and, on and from completion, means the holding company “transfer date” means the date on which the reorganisation of TSB Bank into the transferee is carried into effect in accordance with the terms of the contract “holding company” means Irish Life & Permanent public limited company, a company incorporated under the Companies Acts with registered number 222332, being a banking company referred to in section 57 (1) of the Principal Act “contract” means the agreement (entitled Business Sale Agreement) providing for the reorganisation of TSB Bank into the transferee dated 5 December, 2000, and made between the trustees, TSB Bank, the transferee and the holding company, submitted by the trustees to the Minister for authorisation of the said reorganisation pursuant to section 57 of the Principal Act “completion” means the time of completion of an agreement providing for the reorganisation of the transferee into the holding company dated 1 February, 2001, and made between the transferee and the holding company, as notified in writing by the holding company to the Minister, and which shall in any event be on the transfer date but after the reorganisation of TSB Bank into the transferee This Order may be cited as the Trustee Savings Banks Act, 1989 (Section 57) (TSB Bank) Order, 2001. 21 of 1989), after consultation with the Central Bank with respect to Articles 3(8) and 3(9) of the following Order, hereby make the following Order, with respect to which, pursuant to section 57(15) of that Act, a draft has been laid before each House of the Oireachtas and a resolution approving of the draft has been passed by each such House:ġ. ![]() ![]() Trustee Savings Banks (Amendment) Act, 2001 I, Charlie McCreevy, Minister for Finance, in exercise of the powers conferred on me by section 57 (inserted by the
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |