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Amendment of section 64 of Principal Act.
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28.—Section 64 of the Principal Act is hereby amended by—
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(a) the substitution for subsections (1) and (2) of the following subsections:
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“(1) Where in relation to a scheme, there are no trustees or the trustees cannot be found, the Board may, if it considers it desirable to do so, by order under its seal—
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(a) appoint a new trustee or new trustees of the scheme in substitution, where appropriate, for any existing trustee or trustees; and
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(b) vest, subject where necessary to transfer in the books of any bank, corporation or company, the assets of the scheme in the persons appointed trustees of the scheme by the order.
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(2) The Board shall, not later than 21 days after the date of an order under this section, publish a notice in a daily newspaper published in and circulating throughout the State giving particulars of the order.”,
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(b) the substitution in paragraph (a) of subsection (4) of “subsection (2)” for “subsection (2) (b)”,
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(c) the substitution in paragraph (d) of subsection (4) of “subsection (2)” for “subsection (2) (b)”,
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(d) the insertion in paragraph (d) (ii) of subsection (4) after “from such determination” of “or”, and
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(e) the insertion in subsection (5) after “resources of the scheme” of “or from the employer”.
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