Seanad debates
Tuesday, 1 June 2010
Multi-Unit Developments Bill 2009: Report and Final Stages
4:00 pm
Dermot Ahern (Louth, Fianna Fail)
On amendment No. 29, the same principle applies — whether it is 24 months, 12 months or whatever — that there is a difficulty in passing legislation which would purport to change existing rights and obligations laid down in the memoranda and articles of association of companies. Under section 19(4)(a), it will be possible to seek a court order to amend legal documentation on a case-by-case basis but I would have thought an all-encompassing amendment would not pass muster.
No comments