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Tag Archives: assets transfer

Bridge Complex transfer a ‘legal mess’

The controversial transfer of assets owned by one of the biggest community organisations in the county to a component group, without the approval or consultation with shareholders, has been described as a “legal mess”. Conflicting reports have emerged whether or not the assets owned by the Sixmilebridge and District Community Complex can be transferred to Bridge Kids Crèche. Councillor PJ Ryan, who is one of the largest shareholders, has questioned the transfer, describing it as a “legal mess”, while a special member, who didn’t wish to be named, has alleged the transfer is “illegal”. However, a spokesperson for the former complex committee, who have resigned en bloc, has insisted that this transfer is permitted under the rules of the society, as the assets are being invested in another charitable organisation. It has also emerged that a special member has submitted a letter to the Bridge Complex Society asking the “management committee to resign and any member of that committee employed …

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