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Cap. 503 · cap/503 (Cap. 503)

Cap. 503 Art. 57Segregated cells within aviation undertakings. Cap. 16. Cap. 16.

PART VIII

En vigueurTexte officiel

(1) It shall be lawful for aviation undertakings having the legal form of foundations registered in terms of the Second

Schedule of the Civil Code to establish segregated cells in accordance with the provisions of article 20 of the Second Schedule of the Civil Code.

(2) The Minister may, with the concurrence of the relevant Minister responsible for foundations, make regulations relating to article 20 of the Second Schedule of the Civil Code to regulate:

(a) the mode of its applicability to aviation undertakings of the particular legal form; and

(b) all related and ancillary matters, including but not limited to the powers of the relevant Registrar, any requirements for notification to such registrar or for registration in the relevant registry, applicable fees, forms, or otherwise.