Cap. 565 Art. 15Decomposition of family business.

In the event that a registered family business which has availed itself of and claimed any benefits does not remain constituted and registered as a family business for a minimum period of three (3) consecutive years as referred to in article 14, the business shall make a refund of the benefits: Provided that where a business does not remain constituted as a family business due to the unexpected death of a family member, in those cases where the business is owned, whether directly or indirectly, by only two family members, the business shall not be required to refund the benefits acquired for the previous transfer of the business: Provided further that the Regulator shall be informed by the surviving family member within sixty (60) days from the date of the deceased. Part III The Regulator