Foreign Acquisitions and Takeovers Act 1975
11AMeaning of interest in an unincorporated limited partnership
Start here
Get a plain-English read of 11A
Turn the raw legal text into a practical explanation grounded in Foreign Acquisitions and Takeovers Act 1975.
11A Meaning of interest in an unincorporated limited partnership
A person holds an interest in an unincorporated limited partnership if the person: (a) is in a position to control all or any of the voting power or potential voting power in the partnership; or (b) is entitled to any or all of the distributions of capital, assets or profits of the partnership on the dissolution of the partnership; or (c) is entitled to any or all of the distributions of capital, assets or profits of the partnership otherwise than on the dissolution of the partnership.
Note: See also section 19 (tracing of substantial interests in corporations, trusts and unincorporated limited partnerships).