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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 September 2020 - onwards
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11. Alienation of shares by Minister

(1) The Minister may hold, for so long as he or she thinks fit, any shares in HBFI issued to the Minister.

(2) Subject to subsection (3), the Minister may, at such time or times as appear to him or her appropriate, sell, transfer, exchange, surrender or dispose of all or any of the shares in HBFI on such terms and conditions as appear to the Minister to be appropriate.

(3) The Minister may only sell, transfer, exchange or dispose of his or her shares in HBFI under subsection (2) to or with, as the case may be -

(a) the NTMA,

(b) the Minister for Housing, Local Government and Heritage, or

(c) a body under the aegis of the Minister for Housing, Local Government and Heritage.

(4) HBFI may, subject to the prior consent of the Minister, redeem all or any of the shares in HBFI on such terms and conditions as appear to the board of HBFI to be appropriate.

(5) Any funds received in respect of -

(a) the sale, transfer, exchange, surrender or disposal of any share under subsection (2), or

(b) th

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