Seanad debates

Thursday, 6 July 2006

Building Societies (Amendment) Bill 2006: Committee and Remaining Stages.

 

6:00 pm

Photo of James BannonJames Bannon (Fine Gael)

I move amendment No. 2:

In page 12, before section 22, to insert the following new section:

"22. The Principal Act is amended by inserting the following after section 101:

"A101A.—(1) An application may be made to the High Court for an order sanctioning the conversion into a company of a society.

(2) In any application under this section, the following shall have right of audience:

(a) the Minister for Finance;

(b) the Minister for the Environment, Heritage and Local Government; and

(c) any person (including an employee of the society) who alleges that he or she would be adversely affected by the carrying out of the conversion.".".

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