10
CurrentExclusions—certain trustees
10 Exclusions—certain trustees
A relevant interest of a person in a share or right to vote is to be disregarded if—
(a)
the share or right is subject to a trust; and
(b)
the person has the relevant interest as a trustee of the trust; and
(c)
either—
(i)
a beneficiary under the trust is taken under clause 5 to have a relevant interest in the share or right because the beneficiary has a presently enforceable and unconditional right referred to in clause 5 (b); or
(ii)
the person is a bare trustee.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.