2. Interpretation
In this Act, unless the context otherwise requires —
“articles” means the articles of partnership of an international partnership formed pursuant to this Act;
“beneficial owner” means a natural person —
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(a) who ultimately owns or controls an international partnership;
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(b) who exercises ultimate effective control over a legal person or legal arrangement, such as a senior manager; or
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(c) on whose behalf a transaction or activity is being conducted;
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(Inserted by Act 14 of 2018)
“court” means the High Court or a judge thereof;
“certificate of amendment” means a certificate of amendment issued pursuant to section 10 or 16;
“certificate of international general partnership” means a certificate of international general partnership issued pursuant to section 9;
“certificate of international limited partnership” means a certificate of international limited partnership issued pursuant to section 15;
“co-international partners” in relation to an international partner means the other international partners in an international partnership of which they are part;
“Companies Act” means the Companies Act;
“Director” mean the Director of Financial Services appointed pursuant to section 11 of the Registered Agent and Trustee Licensing Act;
“$” means a dollar in the currency of the United States of America;
“inspector” means an inspector appointed pursuant to section 105;
“International Business Companies Act” means the International Business Companies Act;
“international partners” includes international limited partners and international general partners;
“international general partner” means an international partner of an international general partnership or an international limited partnership who is not an international limited partner;
“international general partnership” means an international general partnership registered pursuant to Division 2 of Part 2;
“international limited partner” means an international partner of an international limited partnership who does not take part in the control of the business of the partnership and whose liability is limited subject to the provisions of this Act;
“international limited partnership” means an international limited partnership registered pursuant to Division 3 of Part 2;
“international partnership” means an international general partnership or an international limited partnership; (Inserted by Act 9 of 2015)
“international partnership property” means international partnership property as described in section 41;
“liquidator” means a liquidator appointed pursuant to this Act;
“memorandum” means the memorandum submitted to the Registrar pursuant to section 8 or 14;
“Minister” means the Minister responsible for international financial services;
“person” includes a body corporate or an unincorporated body;
“police officer” means a member of the Royal Saint Lucia Police Force pursuant to the Police Act;
“prescribed” means prescribed in the Regulations;
“records” includes any underlying documentation, accounting record, ownership information, accounts, books and documents kept and maintained to prepare tax returns and financial statements, including a general or subsidiary ledger, a sales receipt or an invoice; (Inserted by Act 9 of 2015)
“Register” means the Register of International Partnerships established pursuant to section 7;
“registered agent” means a person who holds a valid licence pursuant to the Registered Agent and Trustee Licensing Act;
“Register of Contributions” means the Register of Contributions referred to in section 87;
“Registered Agent and Trustee Licensing Act” means the Registered Agent and Trustee Licensing Act;
“Registrar” means the Registrar of International Partnerships” declared as such pursuant to section 6;
“Regulations” means Regulations made pursuant to section 114;
“substituted international partner” means a person who after becoming an assignee of part or all of the interest of an international limited partner, is admitted to the international limited partnership pursuant to the provisions of its articles or, if the articles are silent on the issue, is admitted with the consent of the parties;
“ultimately own or control” means direct or indirect ownership or control of 25% or more of shares, voting rights or ownership interest in an international partnership; (Inserted by Act 14 of 2018)
“underlying documentation” means any medium by which information is recorded in relation to a transaction or other business relation and includes an invoice or contract. (Inserted by Act 9 of 2015)