s.2Interpretation
2
Section 2Part 10 — Transition

Interpretation

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In this Act — “ authorised person ” means any person with authority to act on behalf of and bind any person or foreign entity; “ Authority ” means the Cayman Islands Monetary Authority established under section 5
of the Monetary Authority Act (2020 Revision) , and includes a person acting under the Authority’s authorisation; “ Cay man Islands Stock Exchange ” means the Cayman Islands Stock Exchange Company incorporated under section 4 of the Stock Exchange Company Act (2014 Revision) ; “ certificate of registration ” means the certificate of registration of a limited liability company i ssued by the Registrar pursuant to section 5(4) of this Act ; “ Companies Winding Up Rules ” means the Companies Winding Up Rules (2023 Revision) ; “ contribution ” means any cash, property, other assets, services rendered or other obligation to contribute cash, property or other assets or to perform services, which a person contributes to a limited liability company in the person’s capacity as a member, but does not include any moneys lent or agreed to be lent to a limited liability company; “ Court ” means the Gr and Court of the Cayman Islands; “ dual foreign name ” means an additional name in any language not utilising the Roman alphabet, utilising any letters, characters, script, accents and other diacritical marks, and which does not have to be a translation or t ransliteration of the name in the Roman alphabet; “ electronic transmission ” means any form of communication not directly involving the physical transmission of paper that creates a record that may be retained, retrieved and reviewed by a recipient thereof and that may be reproduced in paper form by such a recipient through an automated process; “ exempted company ” bears the meaning ascribed to that expression under the Companies Act (2025 Revision) ; “ exempted limited partnership ” bears the meaning ascribed to that expression under the Exempted Limited Partnership Act (2021 Revision) ; “ foreign entity ” means a foreign company or a body corporate or corporation of any kind with legal personality, statutory trust, common law trust, a ny unincorporated business (including a partnership, whether general or limited and whether or not with legal personality) formed, incorporated, created or that otherwise came into being under the laws of any foreign jurisdiction; “ limited liability company ” means a limited liability company registered under this Act ; “ LLC agreement ” means an agreement, in writing (whether referred to as a LLC agreement, operating agreement or otherwise) or other instrument (including a registration statement) of the member or members as to the business or affairs of a limited liability company and any amendments or additions thereto; “ LLC interest ” means the interest of a member in a limited liability company; including a member’s share of the profits and losses of that lim ited liability company, a member’s right to receive distributions of the limited liability company’s assets and a member’s voting or other rights, benefits and obligations to which the member is entitled or subject pursuant to the LLC agreement or this Act ; “ manager ” means, with respect to a limited liability company, the person or persons in whom the management of that limited liability company is vested pursuant to section 26(1) or 27(1) of this Act ; “ member ” means a person who is a member of a limited li ability company in accordance with section 10 (and in such capacity); “ personal representative ” means, with respect to a natural person, the executor, administrator, guardian, conservator or other legal representative thereof and, with respect to a person other than a natural person, the legal representative or successor thereof; “ permitted electronic means ” means such el ectronic means, if any, and related procedures as the Registrar may permit from time to time to be used to file and deliver any particular documents pursuant to this Act ; “ public in the Islands ” excludes any limited liability company, any exempted limited partnership, any exempted or ordinary non - resident company registered under the Companies Act (2025 Revision) , an entity registered pursuant to Part 9 of the Companies Act (2025 Revision) , a foreign limited partnership registered pursuant to the Exempted Limited Partnership Act (2021 Revision) , any person acting as general partner of an exempted limited partnership registered under the Exempted Limited Partnership Act (2021 Revision) or any director or officer of the same acting in such capacity o r the trustee of any trust registered or capable of registration under section 74 of the Trusts Act (2021 Revision) acting in such capacity and shall also exclude such other persons as may be excluded from the definition of “ public in the Islands ” as such term may be defined in any other Act in force in the Islands; “ Register ” means the Register of Limited Liability Companies maintained by the Registrar pursuant to section 4
of this Act ; “ Registrar ” means the Registrar of Limited Liability Companies appo inted under section 4(1); “ registration statement ” means the registration statement referred to in section 5(2), and that statement as amended pursuant to this Act ; “ regulatory laws ” bears the meaning ascribed to that expression under the Companies Act (2025 Revision) ; “ special economic zone business ” means business authorised to be carried on in a special economic zone pursuant to any Law in force in the Islands; and “ translated name ” means a translation or transliteration of a limited liability company’s dual foreign name into the English language provided by either a person licensed to provide that limited liability company’s registered office in the Cayman Islands or a certified translator (together with a statement in the prescribed form as to the forei gn language in which such dual foreign name is written).

Cross References

  • Section 4 of Stock Exchange Company Actexternal

    Reference to Stock Exchange Company Act

  • Section 74 of Trusts Act

    Reference to Trusts Act

Referenced By