(1) For the purposes of this Part, "participator", in relation to any company, means a person having a share or interest in the capital or income of the company and, without prejudice to the generality of the foregoing, includes - (a) any person who possesses, or is entitled to acquire, share capital or voting rights in the company, (b) any loan creditor of the company, (c) any person who possesses, or is entitled to acquire, a right to receive or participate in distributions of the company (construing "distributions" without regard to section 436 or 437) or any amounts payable by the company (in cash or in kind) to loan creditors by means of premium on redemption, and (d) any person who is entitled to secure that income or assets (whether present or future) of the company will be applied directly or indirectly for such person's benefit.
(a) References in subsection (1) to being entitled to do anything apply where a person is entitled to do it at a future
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