Interpretation

In this Act, unless the context otherwise requires, “administrator” means the person appointed as such by an “administrative order” means an order of the Court made under Part IV in relation to a protected cell company or a cell thereof; “cell” means a cell created by a protected cell company for the purpose of segregating and protecting cellular assets in the manner provided by this Act; “cell shares” means shares created and issued by a protected cell company in respect of one of its cells pursuant to the provisions of section 7 of this Act, the proceeds of the issue of which (the “cell share capital”) comprises the cellular assets of the cell in respect of which the cell shares were issued; “company” means a company lawfully constituted under the International Business Companies Act, Cap.270 of Belize or that of any other country or jurisdiction; 6 “Court” means the Supreme Court of Judicature of Belize or a judge thereof; “Deputy Registrar” means the Deputy Registrar appointed by the competent authority to act as Deputy Registrar; “dollar” or “$” means a dollar in the currency of the United States of America; “International Insurance Act” means the International Insurance Act, Cap. 269, and includes any statutory modifications made thereto; “Minister” means the Minister for the time being responsible for Offshore Financial Services; “Mutual Funds Act” means the Mutual Funds, Cap. 268, and includes any statutory modifications made thereto; “Registrar” means the Registrar of protected cell companies appointed under this Act; “Regulations” means Regulations made under this Act.