274. Persons connected with a director

(1) This section defines what is meant by references in this Part to a person being "connected" with a director of a company (or a director being "connected" with a person).
(2) The following persons (and only those persons) are connected with a director of a company—
(a) members of the director's family (see section 275 (members of a director's family)),
(b) a body corporate with which the director is connected (as defined in section 276 (director "connected with" a body corporate)),
(c) a person acting in his capacity as trustee of a trust—
(i) the beneficiaries of which include the director or a person who by virtue of subsection(2)(a) or (b) is connected with him, or
(ii) the terms of which confer a power on the trustees that may be exercised for the benefit of the director or any such person,
other than a trust for the purposes of an employees' share scheme or a pension scheme,
(d) a person acting in his capacity as partner—
(i) of the director, or
(ii) of a person who, by virtue of subsection (2)(a), (b) or (c), is connected with that director,
(e) a firm that is a legal person under the law by which it is governed and in which—
(i) the director is a partner,
(ii) a partner is a person who, by virtue of subsection (2)(a), (b) or (c) is connected with the director, or
(iii) a partner is a firm in which the director is a partner or in which there is a partner who, by virtue of subsection (2)(a), (b) or (c), is connected with the director.
(3) References in this Part to a person connected with a director of a company do not include a person who is himself a director of the company.