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23 1978

INDUSTRIAL AND PROVIDENT SOCIETIES (AMENDMENT) ACT, 1978

PART I

Preliminary and General

Short title, construction and collective citation.

1. —(1) This Act may be cited as the Industrial and Provident Societies (Amendment) Act, 1978.

(2) The Industrial and Provident Societies Acts, 1893 to 1971, and this Act shall be construed together as one Act and may be cited together as the Industrial and Provident Societies Acts, 1893 to 1978.

Interpretation.

2. —(1) In this Act—

the Act of 1963” means the Companies Act, 1963 ;

agents”, in relation to a society, includes the bankers, solicitors and auditors of the society and past as well as present agents;

bank” means the holder of a licence under section 9 of the Central Bank Act, 1971 , and cognate words shall be construed accordingly;

the Central Bank” means the Central Bank of Ireland.

the Court” means the High Court;

the Minister” means the Minister for Industry, Commerce and Energy;

officers”, in relation to a society, includes past as well as present officers;

the Principal Act” means the Industrial and Provident Societies Act, 1893;

the Registrar” means the registrar of friendly societies;

society” means a society, including a credit union, registered under the Industrial and Provident Societies Acts, 1893 to 1978.

(2) In this Act a reference to a section is to a section of this Act, unless it is indicated that reference to some other enactment is intended.

(3) In this Act a reference to a subsection, paragraph or sub-paragraph is to the subsection, paragraph or subparagraph of the provision in which the reference occurs, unless it is indicated that reference to some other provision is intended.

Expenses.

3. —The expenses incurred by the Minister in the administration of this Act shall, to such extent as may be sanctioned by the Minister for Finance, be paid out of moneys provided by the Oireachtas.