Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

27.

Beneficial owner in relation to partnerships.

27.— In this Part, “beneficial owner”, in relation to a partnership, means any individual who—

( a) ultimately is entitled to or controls, whether the entitlement or control is direct or indirect, more than a 25 per cent share of the capital or profits of the partnership or more than 25 per cent of the voting rights in the partnership, or

( b) otherwise F31 [ controls ] the partnership.

Annotations

Amendments:

F31

Substituted (26.11.2018) by Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 (26/2018), s. 7, S.I. No. 486 of 2018.