Company Law Review Act 1998 (61 of 1998)

Schedule 5  

Life Insurance Act 1995

34   Subsection 23(2)

Repeal the subsection, substitute:

(2) The reference in subsection (1) to the adjusted paid-up share capital of a life company is a reference to the amount of the company's paid-up share capital represented by ordinary shares and irredeemable preference shares.