Cap. 565 Art. 5Apportionment of ownership.

(1) An owner who is also a family member shall not have in ownership or the beneficial interest:

(a) in the case of a company, own, whether directly or indirectly, more than eighty per cent (80%) of the issued share capital of the family business; or

(b) in the case of a partnership en nom collectif or en commandite contribute, whether directly or indirectly, more than eighty per cent (80%) to the partnership’s assets; or

(c) in the case of a trust be in a position where he may benefit from more than eighty per cent (80%) of the trust property; or

(d) in the case of a business carried out in partnership in any other form, own, whether directly or indirectly, more than eighty per cent (80%) of the business assets; or

(e) in the case of indirect ownership, own more than eighty per cent (80%) of the shares, interests, other assets or contributions of the business.

(2) The percentage of eighty per cent (80%) shall be that percentage that remains after deducting the percentage of five per cent (5%) from the total contributions not owned by family members and after deducting the ten per cent (10%) of the contributions owned by employees of the business in accordance with the provisos of article 3.