Section 130N
Interpretation
In this Part, unless the context otherwise requires—
“cell” means a cell created by a Labuan protected cell company for the purpose of segregating and protecting cell assets in the manner provided under this Part;
“cell assets” means the assets of a Labuan protected cell company attributable to the Labuan protected cell company’s cells;
152 Laws of Malaysia ACT 441
“cell capital” means the proceeds of the issue of cell shares;
“cell dividend” means the dividend paid by a Labuan protected cell company in respect of cell shares;
“cell shares” means shares created and issued by a cell in a Labuan protected cell company;
“Labuan protected cell company” means a Labuan company incorporated as, or converted into, a protected cell company in accordance with the provisions of this Part.