Seanad debates

Tuesday, 30 September 2014

Companies Bill 2012: Report and Final Stages

 

Government amendment No. 56: In page 431, between lines 34 and 35, to insert the following:“(4) The following provisions have effect for the purposes of subsection (3)--(a) “instrument” in that subsection includes--(i) a lease, conveyance, transfer, charge or any other instrument relating to real property (including chattels real); and (ii) an instrument relating to personalty;(b) paragraph (f)(ii) of that subsection applies in the case of references to the transferor company and its successors and assigns as it applies in the case of references to the transferor company personally; (c) paragraph (g) of that subsection applies in the case of rights, obligations and liabilities mentioned in that paragraph whether they are expressed in the contract, agreement or instrument concerned to be personal to the transferor company or to benefit or bind (as appropriate) the transferor company and its successors and assigns.”.

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