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Version status: Published
Version date: 22 December 2023 - onwards

23. Amendment of section 55 of Principal Act

This format of the bill is taken from the text of stage 1 published on 22 December 2023 by Dáil Éireann

Section 55 of the Principal Act is amended -

(a) in subsection (1) -

(i) by the substitution of the following paragraphs for paragraphs (a) and (b):

"(a) is adjudicated bankrupt and such bankruptcy has not been annulled or discharged,

(b) is an individual who is party to an insolvency arrangement that has not ceased to have effect,",

(ii) by the insertion of the following paragraphs after paragraph (e):

"(ea) is convicted of a summary offence under section 39, 40, 41, 46, 47, 57, 63, 65 or 68,

(eb) is the subject of a declaration under section 819 of the Act of 2014, or is deemed to be subject to such a declaration by virtue of Chapter 5 of Part 14 of that Act,

(ec) is, or is deemed to be, the subject of an order under section 160 of the Companies Act 1990 or a disqualification order within the meaning of Chapter 4 of Part 14 of the Act of 2014,",

and

(iii) by the deletion, in paragraph (f), of "is the subject of an order under section 160 of the Companies Act 1990 or",