National Asset Management Agency Act 2009
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Confirmation by Minister of acquisition, etc. |
117.— (1) The Minister shall, in accordance with the advice of the expert reviewer under section 116 in relation to a bank asset, and no later than 5 days after receipt of that advice— | |
(a) confirm that the bank asset may be acquired by NAMA, or | ||
(b) direct NAMA not to acquire the bank asset on the grounds that it is not an eligible bank asset. | ||
(2) The Minister shall send copies of his or her confirmation or direction under subsection (1) to NAMA and to the participating institution concerned. |