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Anglo Irish Bank Corporation Act 2009 (No. 1)Introductory TextActs Referred to1. Definitions.2. Functions performed in the public interest.3. Relationship framework between the Minister and Anglo Irish Bank.4. Effect of this Act.5. Acquisition of shares in Anglo Irish Bank.6. Effect of acquisition of shares.7. General exercise of Minister's rights as shareholder.8. Minister's power to transfer shares to nominee.9. Effect on certain other rights.10. Extinguishment of certain rights in relation to shares.11. Equitable interests in shares.12. De-listing.13. Disapplication, etc., of certain provisions of Central Bank Acts.14. Disapplication, etc., of certain laws relating to companies.15. Disapplication of certain provisions of Competition Act 2002 and Credit Institutions (Financial Support) Act 2008.16. Disapplication of certain requirements in relation to notice of acquisition of shares.17. Suspension, etc., of articles of Anglo Irish Bank.18. Minister may alter financial year of Anglo Irish Bank.19. Removal of directors, etc., of Anglo Irish Bank.20. Appointment of directors, etc., of Anglo Irish Bank.21. No shadow or de facto directorship.22. Appointment of Assessor.23. Expenses, etc., of Assessor and engagement of staff.24. Submissions to Assessor.25. Determination of fair and reasonable aggregate value.26. Circulation of draft report for comment.27. Report by Assessor.28. Compensation Scheme.29. Claims for compensation.30. Amount payable as compensation.31. Review of determination of compensation, etc.32. Limitation of judicial review of the Assessor's determination.33. Expenses, etc., of Minister.34. Minister may issue securities, etc.35. Offences under this Act.36. Regulations - facilitation of performance of functions.37. Regulations - general implementation of this Act.38. Amendment of other Acts.39. Short title.Schedule - Powers to Require Persons to Give Evidence or Produce Documents
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 January 2009 - onwards

7. General exercise of Minister's rights as shareholder.

(1) The rights of the Minister as a shareholder in Anglo Irish Bank are exercisable on and from the commencement of this Act.

(2) Where a right or power in respect of a share in Anglo Irish Bank is exercisable by attorney or proxy, the Minister may appoint an attorney or proxy who may exercise the right or power on the Minister's behalf.

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