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PART 4 U.K.Protected Cell Companies

CHAPTER 9U.K.Shares and shareholders

SECTION 6U.K.Distributions

Meaning of “distribution”U.K.

124.  In regulations 125 and 126, “distribution” means every description of a distribution of an asset to a shareholder, except for the redemption or acquisition of shares held by that shareholder in accordance with regulation 106 or 107.