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Insurance (Miscellaneous Provisions) Act, 1985 (No. 8)Introductory TextActs Referred to1. Definitions.2. Acquisition of shares of Company by Minister.3. Holding and sale by Minister of shares of Company.3A. Minister's discretion to wind up Company.4. Exercise by Minister of right or power exercisable by holder of shares.5. Payment of dividends, etc., into Exchequer.6. Restriction on issue of shares.7. Restriction on alteration of memorandum and articles of association.8. Memorandum and articles of association of Company.9. Obligation to furnish balance sheets etc., to Minister.10. Directors of Company.11. Obligation of shareholders to hold shares in trust for Minister.12. Vesting in Minister upon director's or other member's death, etc., of share held by such director or member.13. Membership of either House of Oireachtas by directors, officers or servants of Company.14. Guarantee by Minister of certain payments by The Insurance Corporation of Ireland, public limited company.15. Provision of moneys for payments out of Central Fund.16. Amendment of sections 2 and 3 of Insurance Act, 1964, and section 2 of Insurance (No. 2) Act, 1983.17. Expenses.18. Short title and collective citation.
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2004 - onwards
Version 2 of 2

10. Directors of Company.

(1) The directors of the Company shall consist of such number of persons not exceeding five as may be determined from time to time by the Minister.

(2) The directors of the Company shall be appointed by the Minister.

(3) A director of the Company may be removed from office at any time by the Minister.

(4) The directors of the Company shall hold office for such term and upon such terms and conditions as the Minister may determine when appointing them.

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