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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 9 April 1997 - onwards
  Version 2 of 2    

80. Amendment of Trustee (Authorised Investments) Act, 1958.

The Trustee (Authorised Investments) Act, 1958, is hereby amended -

(a) by the substitution of the following section for section 2:

"2. Variation by order of authorised investments.

(1) The Minister for Finance may by order vary by addition or deletion and may specify such conditions as he considers proper in respect of the investment of trust funds in -

(a) the investments specified in section 1 (as amended by section 1 of this Act) of the Trustee Act, 1893, or

(b) where those investments have been varied by order under this subsection or under any other statutory authority, those investments as so varied.

(2) Every order made under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and if either such House, within the next subsequent twenty-one days on which it has sat after such order is laid before it, passes a resolution annulling such order, such order shall be annulled accordingly, but without prejudice to the validity of anything p

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