Arramara Teoranta (Acquisition of Shares) Act, 2002

In short

This law updates previous laws from 1949 and 1954 concerning the acquisition of shares in a company originally named Alginate Industries (Ireland) Limited, now known as Arramara Teoranta. It primarily changes the name of the company in the original law and updates the maximum amount of money that can be spent on acquiring its shares.

What it regulates

The definition of the "Principal Act" as the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949.
The official name of the company, changing it from Alginate Industries (Ireland) Limited to Arramara Teoranta.
The maximum financial limit for acquiring shares in Arramara Teoranta.
The collective citation for all related Acts, including this one.

Who it concerns

Arramara Teoranta (formerly Alginate Industries (Ireland) Limited).
The Minister for the Marine and Natural Resources.

Key points

The company "Alginate Industries (Ireland) Limited" is now officially recognized as "Arramara Teoranta," which was incorporated on February 12, 1947, and changed its name on September 20, 1955.
The "Minister" in this context refers to the Minister for the Marine and Natural Resources.
The Minister may spend up to €1,200,000 to acquire shares in Arramara Teoranta.
Each share acquired must be €1 each and purchased at a price not exceeding €1 per share.

Legal text

Arramara Teoranta (Acquisition of Shares) Act, 2002 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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ie)Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(
s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 2002 Arramara Teoranta (Acquisition of Shares) Act, 2002 Arramara Teoranta (Acquisition of Shares) Act, 2002 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Open PDFOscail PDF Print Full ActPriontáil an tAcht Iomlán Number 11 of 2002 ARRAMARA TEORANTA (ACQUISITION OF SHARES) ACT, 2002 ARRANGEMENT OF SECTIONS Section 1. Definition. 2. New section 1 of Principal Act. 3. Amendment of section 2 of Principal Act. 4. Short title and collective citation. Acts Referred to Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949 1949, No. 22 Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1954 1954, No. 29 Alginate Industries (Ireland) Limited (Acquisition of Shares) Acts, 1949 and 1954 Number 11 of 2002 ARRAMARA TEORANTA (ACQUISITION OF SHARES) ACT, 2002 AN ACT TO AMEND THE ALGINATE INDUSTRIES (IRELAND) LIMITED (ACQUISITION OF SHARES) ACTS, 1949 AND 1954, AND TO PROVIDE FOR RELATED MATTERS. [10th April, 2002] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Definition. 1.—In this Act, “Principal Act” means the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949 . New section 1 of Principal Act. 2.—The Principal Act is amended by substituting the following for section 1: “Definitions. 1.—In this Act— ‘Company’ means Arramara Teoranta, which was incorporated on 12 February 1947 as the Alginate Industries (Ireland) Limited and whose change of name to Arramara Teoranta was registered by the then entitled Registrar of Joint Stock Companies on 20 September 1955; ‘Minister’ means the Minister for the Marine and Natural Resources.”. Amendment of section 2 of Principal Act. 3.—Section 2 (as amended by the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1954 ) of the Principal Act is amended in subsection

(1)by substituting “a sum or sums not exceeding €1,200,000 in the acquisition of shares of €1 each in the Company at a price not exceeding €1 per share” for “a sum or sums not exceeding forty-three thousand pounds in the acquisition of shares of one pound each in the Company at a price not exceeding one pound per share”, and the said subsection

(1), as so amended, is set out in the Table to this section. TABLE

(1)The Minister may expend a sum or sums not exceeding €1,200,000 in the acquisition of shares of €1 each in the Company at a price not exceeding €1 per share. Short title and collective citation. 4.—

(1)This Act may be cited as the Arramara Teoranta (Acquisition of Shares) Act, 2002.

(2)The Alginate Industries (Ireland) Limited (Acquisition of Shares) Acts, 1949 and 1954, and this Act may be cited together as the Arramara Teoranta (Acquisition of Shares) Acts, 1949 to 2002. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.