s 27A Interpretation of this Part
27A.—(1) In this Part —“designated operating entity” excludes an entity that is also a licensee; “limited liability partnership” has the meaning given by section 2(1) of the Limited Liability Partnerships Act 2005; “relevant entity” means a licensee or a designated operating entity; “unitholder” has the meaning given by section 2 of the Business Trusts Act 2004; “unregistered company” has the meaning given by section 245(1) of the Insolvency, Restructuring and Dissolution Act 2018. (2) In this Part —(a) a reference to the affairs, business, undertaking, operations or activities of a relevant entity that is a business trust is to the affairs, business, undertaking, operations or activities (as the case may be) carried on by the trustee-manager of the business trust on behalf of the business trust; and (b) a reference to the obligations of a relevant entity that is a business trust is to the obligations undertaken by the trustee-manager of the business trust on behalf of the business trust.[Act 20 of 2024 wef 01/04/2025]