BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

subsection (1)
44
(5) A notice of revocation under subsection (4) takes effect from the time
that the notice is received by the registered agent or at such later
time as may be specified in the notice.
77. Without limiting section 240, the Regulations may provide that where
(a) notice is required or permitted to be given by a custodian, or
former custodian, to the beneficial owner of a bearer share or
to any person who has an interest in a bearer share; or
(b) instructions are required or permitted to be given by the beneficial
owner of a bearer share in a company to a custodian, or former
custodian, or to the registered agent of the company:
the notice or instructions may be given to or by some other person or persons
instead of or in addition to the beneficial owner or, in the case of a notice,
instead of or in addition to the person interested in the share.
78. In this Act,
PART IV
MEMBERS
“guarantee member”, in relation to a company, means a person whose name
is entered in the register of members as a guarantee member;
“shareholder”, in relation to a company, means a person whose name is
entered in the register of members as the holder of one or more shares,
or fractional shares, in the company;
“unlimited member”, in relation to a company, means a person whose name is
entered in the register of members as a member who has unlimited
liability for the liabilities of the company.
79. (1) Subject to subsection (1A), a company shall at all times have one or
more members.
(1A) Subsection (1) does not apply during the period from the
incorporation of the company to the appointment of its first directors
under section 113(1).
AE/ET/Pub./bg/03.2007
Regulations.
Meaning of
“shareholder”,
“guarantee
member” and
“unlimited
member”.
Company to
have one or
more
members.
26/2005
26/2005