James Bannon (Fine Gael)

I move amendment No. 3:

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:

A101B.—

(1) Before the court may make an order under section A101A, the court must be satisfied that all the society's assets and liabilities are in order.

(2) In ascertaining its duty under subsection (1), the court making the order may appoint an independent actuary or other person who is deemed by the court to be sufficiently qualified for the purpose—

(a) to investigate the society seeking conversion into a company, and

(b) to report to it on any issues arising from such investigation.".".