(1) In this section -
'proper owner' means the person beneficially entitled to a relevant distribution as a result of the specified event;
'recorded owner' means the person beneficially entitled to a relevant distribution before the specified event;
'stockbroker' means a member firm of the Irish Stock Exchange plc trading as Euronext Dublin or of a recognised stock exchange in another territory.
(2) For the purposes of this section, a market claim shall be deemed to have arisen in relation to a relevant distribution where -
(a) a company resident in the State has made a relevant distribution, either directly or indirectly through an intermediary, to a recorded owner on the basis of the information on the share register of the company, or on the basis of a securities account in the name of the recorded owner held by an intermediary, at a particular date,
(b) it subsequently transpires, as a result of an event (in this section referred to as the 'specified event'), being -
(i) the sale o
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