Dáil debates
Wednesday, 5 July 2006
Building Societies (Amendment) Bill 2006: Second Stage.
9:00 pm
Eamon Gilmore (Dún Laoghaire, Labour)
I ask you to hear me out, a Leas-Cheann Comhairle, because I think there is an issue here. There are provisions in the Bill, specifically sections 19 to 21, inclusive, which relate to private interests. For example, there are issues relating to the division of whatever moneys will arise from the demutualisation of one building society. A separate set of rules is being established for a second building society. There are issues relating to the rights of individual members of building societies, as distinct from members of their boards. This is unusual legislation in so far as it relates to individual companies and individual members of those companies and in so far as it relates differently to different building societies.
No comments