Section 52Part 7 — RESPONSIBILITIES OF CABINET AND CHIEF OFFICERS IN RELATION TO PUBLIC AUTHORITIES
Ownership arrangements
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52. (1) In this section “capital” means any instrument of equity or ownership capital including shares, issued capital or notional capital structures.
All capital held in a public authority by the Government shall be held in the name “the Government of the Cayman Islands”.
All the rights and powers attaching to the capital held by the Government, including the power of sale or disposition, may be exercised on behalf of the Government by a Minister or official member appointed for the purpose by the Cabinet.
The Minister or official member may sell or otherwise dispose of capital only if the Minister or official member is authorised to do so by the Cabinet and by a resolution of the Legislative Assembly.
The provisions of this section shall apply notwithstanding any other law.