Section 15Part 3 — Cabinet - Powers and Duties of the Cabinet
Shareholding arrangements for government companies
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All shares held in a government company by the core government shall be held in the name "the Government of the Cayman Islands".
All the rights and powers attaching to the shares in a government company, including the power of sale or disposition, held by the core government may be exercised, on behalf of the core government by a Minister or official member appointed for the purpose by the Cabinet.
The Minister or official member may only sell or otherwise dispose of the shares referred to in subsection (2) if authorised to do so by the Cabinet and by a resolution of the Cayman Islands Parliament.
Defined Terms
government companycore government