← belizelaw.ai · The Laws of Belize
International Limited Liability Companies
Cap. 270:01 · Revised Edition 2020 · 105 sections
- s. 1Short title
- s. 2Interpretation
- s. 3Application
- s. 4Form of instruments; filing
- s. 5Certificates or certified copies as evidence
- s. 6Fees on filing articles of organization and other documents
- s. 7Annual registration fee
- s. 8Notice to members
- s. 9Records to be kept; inspection rights of members
- s. 10Purposes
- s. 11General powers of a limited liability company
- s. 12Resolution of disputes
- s. 13Unauthorised assumption of powers
- s. 14Formation
- s. 15Restriction on business in Belize
- s. 16Duration
- s. 17Name
- s. 18Register of names
- s. 19Reservation of name
- s. 20Contents of articles of organization
- s. 21Execution and filing of articles of organization
- s. 22Date limited liability company comes into existence
- s. 23Notice of existence of limited liability company
- s. 24Term and renewal of certificate of organization
- s. 25Amendment of articles of organization
- s. 26Restated articles of organization
- s. 27Registered agent for service of process
- s. 28Appointment of Registrar
- s. 29Official seal
- s. 30Powers of the Registrar
- s. 31Lodging of documents
- s. 32Certificates of good standing
- s. 33Liability to third parties
- s. 34Limited liability company as a separate legal entity
- s. 35Limited liability company property
- s. 36Rights of judgment creditors of a member
- s. 37Fraudulent conveyance
- s. 38Enforcement of judgments
- s. 39Parties to action
- s. 40Limited liability company as a proper party to action
- s. 41Capital contributions
- s. 42Liability for contributions
- s. 43Interim distributions
- s. 44Distribution in kind
- s. 45Status as a creditor
- s. 46Limitation on distributions
- s. 47Distributions on withdrawal
- s. 48Distribution on winding up
- s. 49Sharing of profits and losses
- s. 50Admission of members
- s. 51Classes and series of members’ interests
- s. 52Operating agreement
- s. 53Action by written consent, Proxies
- s. 54Interest in limited liability company; transferability of interest
- s. 55Substituted member
- s. 56Option to purchase company interests
- s. 57Rights of assignees
- s. 58Withdrawal of members
- s. 59Involuntary transfers
- s. 60Expulsion of a member
- s. 61Right of pre-emption of the company
- s. 62Member or manager as agent
- s. 63Management of limited liability company; definition
- s. 64Voting
- s. 65Emergency manager
- s. 66Qualification of managers
- s. 67Standard of care to be observed by managers
- s. 68Appointment to succession committee
- s. 69Succession committee rules
- s. 70Authority and liability of members not affected
- s. 71Dissolution
- s. 72Administrative dissolution
- s. 73Judicial dissolution
- s. 74Effect of dissolution
- s. 75Winding up of affairs of limited liability company
- s. 76Agency power of managers after dissolution
- s. 77Settlement of claims against limited liability company
- s. 78Distribution of assets upon winding up
- s. 79Articles of termination
- s. 80Merger or consolidation
- s. 81Effect of merger or consolidation
- s. 82Interpretation in this Part
- s. 83When transfer of domicile is permitted
- s. 84Application to transfer domicile
- s. 85Contents of application to transfer domicile
- s. 86Execution of the application to transfer domicile
- s. 87Transfer of domicile to Belize; certificate of transfer of domicile
- s. 88Prior obligations and liabilities
- s. 89Applicable law
- s. 90Departure from Belize
- s. 91Application to transfer domicile out of Belize
- s. 92Effective date of departure
- s. 93Jurisdiction of courts after departure
- s. 94Exemption from taxes, duties and exchange control
- s. 95No action to lie against certain persons
- s. 96Confidentiality
- s. 97Form of company registers and records
- s. 98Construction of the Act
- s. 99Offences and penalty
- s. 100Authority to prosecute and limitation period
- s. 101Crediting of fees and penalties
- s. 102Legal professional privilege
- s. 103Service of process, etc. on limited liability company
- s. 104Regulations
- s. 105Commencement