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Defeasances or conditions of bills of sale to be written on the same paper with bills of 5. 6. SCHEDULE FORM OF CERTIFICATE REQUIRED FOR THE PURPOSE OF SECTION 3(2) Bills of Sale Law (2016 Revision) BILLS OF SALE LAW (2016 Revision) ENACTED by the Legislature of the Cayman Islands.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Short title 1. This Law may be cited as the Bills of Sale Law (2016 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Definitions and interpretation 2. (1) In this Law \u2014 \u201caircraft objects\u201d has the meaning assigned in the Aircraft Protocol; \u201cAircraft Protocol\u201d means the Protocol to the Convention on International Interests in Mobile Equipment on matters specific to Aircraft Equipment which was concluded at Cape Town, South Africa on 16th November, 2001; \u201cbill of sale\u201d includes bills of sale, assignments, transfers, declarations of trust without transfer and other assurances of personal chattels, and also powers of attorney, authorities or licences to take possession of personal chattels as security for any debt, but shall not include the following documents, that is to say: assignments for the benefit of the creditors of the person making or giving the same; marriage settlements; transfer or assignments of any ship or vessel, or any share thereof; bills of sale, either absolutely or conditionally, in respect of any aircraft object or transfer or assignment of any aircraft object; transfers of goods in the ordinary course of business of any trade or calling; bills of sale of any goods in foreign parts or at sea; bills of lading; warehouse keepers\u2019 certificates; warrants or orders for the delivery of goods, or any other documents used in the ordinary course of business as proof of the possession Bills of Sale Law or control of goods, or authorising, or purporting to authorise, either by endorsement or by delivery, the possessor of such document to transfer or to receive goods thereby represented; \u201cCape Town Convention\u201d means the Convention on International Interests in Mobile Equipment concluded at Cape Town, South Africa, on 16th November, 2001; \u201cinternational interests\u201d has the meaning assigned in the Cape Town Convention; and \u201cpersonal chattels\u201d means goods, furniture, fixtures and other articles capable of complete transfer by delivery, and shall not include chattel interests in real estate, nor shares or interests in the stock, funds or securities of any government, or in the capital or property of any incorporated or joint stock company, nor choses in action, nor international interests, nor any stock or produce upon any plantation or lands which, by virtue of any covenant, agreement or custom of the country, ought not to be removed from any plantation where the same are at the time of the making or giving of a bill of sale. (2) Personal chattels shall be deemed to be in the apparent possession of the person making or giving the bill of sale so long as they shall remain or be in or upon any house, mill, warehouse, building, works, yard, land or other premises occupied by him, or as they shall be used and enjoyed by him in any place whatsoever notwithstanding the formal possession thereof may be taken by or given to any other person. Bills of Sale Law (2016 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Bill of sale of personal chattels to be void if not recorded 3. (1) Every bill of sale of personal chattels, either absolutely or conditionally, or subject, or not subject to any trusts, and whereby the grantee or holder has power, either with or without notice, and either immediately after the making of the said bill of sale, or at any future time, to take possession of any property and effects comprised in, or made subject to such bill of sale, and every schedule or inventory which is thereto annexed, or therein referred to, and every attestation of the execution thereof shall, together with a description of the residence and occupation of the person giving the same, and of every attesting witness thereto, or in case the same is made or given by any person under or in execution of any process, then a description of the residence and occupation of the person against whom such process has been issued, and of every attesting witness, be recorded at length in the office of the Public Recorder within ninety days after the making or giving of such bill of sale (in like manner as deeds relating to real property in the Islands are recorded), otherwise such bill of sale shall, as against all assignees of the estate and effects of the person whose goods, or any of them, are comprised in such bill of sale, under the laws relating to bankruptcy or insolvency, or under any assignment for the benefit of the creditors of such person, and as against the Bailiff of the Court, his deputies and assistants and other persons seizing any property or effects comprised in such bill of sale, in the execution of any process of any Court of Law or equity, authorising the seizure of the goods of the person by whom, or of whose goods such bill of sale was made, and against every person on whose behalf such process was issued, be unenforceable, so far as regards the property in, or right to the possession of any personal chattels comprised in such bill of sale, which, at or after the time of such bankruptcy or declaration of insolvency, or of the execution by the debtor of such assignment for the benefit of his creditors or of executing such process (as the case may be), and after the expiration of the said period of ninety days shall be in the possession, or apparent possession of the person making such bill of sale, or of any person against whom the process was issued under, or in the execution of which such bill of sale was made or given, as the case may be. (2) No bill of sale shall be registered unless it has endorsed thereon or attached thereto a certificate in the form set out in the Schedule completed by a judge, magistrate, justice of the peace, notary public, commissioner for oaths or administrative officer. Bills of Sale Law\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Defeasances or conditions of bills of sale to be written on the same paper with bills of sale 4. If a bill of sale is made or given, subject to any defeasance, condition or declaration of trust, not contained in the body thereof, such defeasance, condition or declaration of trust shall, for the purposes of this Law, be taken as part of such bill of sale, and shall be written on the same paper or parchment on which such bill of sale is written before the time when the same is recorded, otherwise such bill of sale shall be unenforceable as against the same persons, and as regards the same property and effects, as if such bill of sale had not been recorded according to this Law.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"On payment of debt satisfaction to be entered 5. On the debt, if any, for which any bill of sale as aforesaid was made or given, being satisfied or discharged, the grantee or holder of such bill of sale shall cause satisfaction to be entered on the margin of the record of the said bill of sale in the office of the Public Recorder, otherwise it shall be lawful for a Judge of the Grand Court on proof of the satisfaction or discharge of the said debt, to order a memorandum of satisfaction to be so entered upon the margin of the record of the said bill of sale.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Debentures to which Law does not apply 6. Nothing in this Law shall apply to debentures issued by any company registered under the Companies Law (2016 Revision) and secured upon the capital stock or goods, chattels and effects of such company. Bills of Sale Law (2016 Revision) SCHEDULE SCHEDULE section 3(2) FORM OF CERTIFICATE REQUIRED FOR THE PURPOSE OF SECTION 3(2) I CERTIFY that the within named (name) appeared before me on the                           day the above signature or mark to be his\/hers\/theirs* and that- (a) he\/she\/they* had freely and voluntarily executed this instrument; (b) the effect of this instrument has been explained to him\/her\/them;* and (c) he\/she\/they* understood its contents. Capacity of signatory*: judge magistrate justice of the peace notary public commissioner for oaths administrative officer *Delete as appropriate. Publication in consolidated and revised form authorised by the Cabinet this 30th day of August, 2016. 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1999-14th April, 1999\nLaw 3 of 2015-17th April, 2015.\n\nConsolidated and revised this 28th day of July, 2016.\n\nNote (not forming part of the Law): This revision replaces the 2000 Revision which\nshould now be discarded.\n\nBills of Sale Law (2016 Revision)\nArrangement of Sections\n\nc\nRevised as at 28th day of July, 2016\nPage 3\n\nCAYMAN ISLANDS\n\nBILLS OF SALE LAW\n(2016 Revision)\nArrangement of Sections\nSection\nPage\n1.\nShort title ...................................................................................................................................5\n2.\nDefinitions and interpretation .....................................................................................................5\n3.\nBill of sale of personal chattels to be void if not recorded ...........................................................7\n4.\nDefeasances or conditions of bills of sale to be written on the same paper with bills of\nsale ............................................................................................................................................8\n5.\nOn payment of debt satisfaction to be entered ...........................................................................8\n6.\nDebentures to which Law does not apply ...................................................................................8\nSCHEDULE\n9\nFORM OF CERTIFICATE REQUIRED FOR THE PURPOSE OF SECTION 3(2)\n9\n\nBills of Sale Law (2016 Revision)\nSection 1\n\nc\nRevised as at 28th day of July, 2016\nPage 5\n\nCAYMAN ISLANDS\n\nBILLS OF SALE LAW\n(2016 Revision)\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title\n1.\nThis Law may be cited as the Bills of Sale Law (2016 Revision).\n2.\nDefinitions and interpretation\n2.\n(1) In this Law \u2014\n\u201caircraft objects\u201d has the meaning assigned in the Aircraft Protocol;\n\u201cAircraft Protocol\u201d means the Protocol to the Convention on International\nInterests in Mobile Equipment on matters specific to Aircraft Equipment\nwhich was concluded at Cape Town, South Africa on 16th November, 2001;\n\u201cbill of sale\u201d includes bills of sale, assignments, transfers, declarations of trust\nwithout transfer and other assurances of personal chattels, and also powers of\nattorney, authorities or licences to take possession of personal chattels as\nsecurity for any debt, but shall not include the following documents, that is to\nsay: assignments for the benefit of the creditors of the person making or giving\nthe same; marriage settlements; transfer or assignments of any ship or vessel,\nor any share thereof; bills of sale, either absolutely or conditionally, in respect\nof any aircraft object or transfer or assignment of any aircraft object; transfers\nof goods in the ordinary course of business of any trade or calling; bills of sale\nof any goods in foreign parts or at sea; bills of lading; warehouse keepers\u2019\ncertificates; warrants or orders for the delivery of goods, or any other\ndocuments used in the ordinary course of business as proof of the possession\n\nSection 2\nBills of Sale Law\n\nPage 6\nRevised as at 28th day of July, 2016\nc\n\nor control of goods, or authorising, or purporting to authorise, either by\nendorsement or by delivery, the possessor of such document to transfer or to\nreceive goods thereby represented;\n\u201cCape Town Convention\u201d means the Convention on International Interests in\nMobile Equipment concluded at Cape Town, South Africa, on 16th\nNovember, 2001;\n\u201cinternational interests\u201d has the meaning assigned in the Cape Town\nConvention; and\n\u201cpersonal chattels\u201d means goods, furniture, fixtures and other articles capable\nof complete transfer by delivery, and shall not include chattel interests in real\nestate, nor shares or interests in the stock, funds or securities of any\ngovernment, or in the capital or property of any incorporated or joint stock\ncompany, nor choses in action, nor international interests, nor any stock or\nproduce upon any plantation or lands which, by virtue of any covenant,\nagreement or custom of the country, ought not to be removed from any\nplantation where the same are at the time of the making or giving of a bill of\nsale.\n(2) Personal chattels shall be deemed to be in the apparent possession of the\nperson making or giving the bill of sale so long as they shall remain or be in or\nupon any house, mill, warehouse, building, works, yard, land or other premises\noccupied by him, or as they shall be used and enjoyed by him in any place\nwhatsoever notwithstanding the formal possession thereof may be taken by or\ngiven to any other person.\n\nBills of Sale Law (2016 Revision)\nSection 3\n\nc\nRevised as at 28th day of July, 2016\nPage 7\n\n3.\nBill of sale of personal chattels to be void if not recorded\n3.\n(1) Every bill of sale of personal chattels, either absolutely or conditionally, or\nsubject, or not subject to any trusts, and whereby the grantee or holder has\npower, either with or without notice, and either immediately after the making\nof the said bill of sale, or at any future time, to take possession of any property\nand effects comprised in, or made subject to such bill of sale, and every\nschedule or inventory which is thereto annexed, or therein referred to, and\nevery attestation of the execution thereof shall, together with a description of\nthe residence and occupation of the person giving the same, and of every\nattesting witness thereto, or in case the same is made or given by any person\nunder or in execution of any process, then a description of the residence and\noccupation of the person against whom such process has been issued, and of\nevery attesting witness, be recorded at length in the office of the Public\nRecorder within ninety days after the making or giving of such bill of sale (in\nlike manner as deeds relating to real property in the Islands are recorded),\notherwise such bill of sale shall, as against all assignees of the estate and\neffects of the person whose goods, or any of them, are comprised in such bill\nof sale, under the laws relating to bankruptcy or insolvency, or under any\nassignment for the benefit of the creditors of such person, and as against the\nBailiff of the Court, his deputies and assistants and other persons seizing any\nproperty or effects comprised in such bill of sale, in the execution of any\nprocess of any Court of Law or equity, authorising the seizure of the goods of\nthe person by whom, or of whose goods such bill of sale was made, and\nagainst every person on whose behalf such process was issued, be\nunenforceable, so far as regards the property in, or right to the possession of\nany personal chattels comprised in such bill of sale, which, at or after the time\nof such bankruptcy or declaration of insolvency, or of the execution by the\ndebtor of such assignment for the benefit of his creditors or of executing such\nprocess (as the case may be), and after the expiration of the said period of\nninety days shall be in the possession, or apparent possession of the person\nmaking such bill of sale, or of any person against whom the process was\nissued under, or in the execution of which such bill of sale was made or given,\nas the case may be.\n(2) No bill of sale shall be registered unless it has endorsed thereon or attached\nthereto a certificate in the form set out in the Schedule completed by a judge,\nmagistrate, justice of the peace, notary public, commissioner for oaths or\nadministrative officer.\n\nSection 4\nBills of Sale Law\n\nPage 8\nRevised as at 28th day of July, 2016\nc\n\n4.\nDefeasances or conditions of bills of sale to be written on the same paper\nwith bills of sale\n4.\nIf a bill of sale is made or given, subject to any defeasance, condition or declaration\nof trust, not contained in the body thereof, such defeasance, condition or declaration\nof trust shall, for the purposes of this Law, be taken as part of such bill of sale, and\nshall be written on the same paper or parchment on which such bill of sale is written\nbefore the time when the same is recorded, otherwise such bill of sale shall be\nunenforceable as against the same persons, and as regards the same property and\neffects, as if such bill of sale had not been recorded according to this Law.\n5.\nOn payment of debt satisfaction to be entered\n5.\nOn the debt, if any, for which any bill of sale as aforesaid was made or given, being\nsatisfied or discharged, the grantee or holder of such bill of sale shall cause\nsatisfaction to be entered on the margin of the record of the said bill of sale in the\noffice of the Public Recorder, otherwise it shall be lawful for a Judge of the Grand\nCourt on proof of the satisfaction or discharge of the said debt, to order a\nmemorandum of satisfaction to be so entered upon the margin of the record of the\nsaid bill of sale.\n6.\nDebentures to which Law does not apply\n6.\nNothing in this Law shall apply to debentures issued by any company registered\nunder the Companies Law (2016 Revision) and secured upon the capital stock or\ngoods, chattels and effects of such company.\n\nBills of Sale Law (2016 Revision)\nSCHEDULE\n\nc\nRevised as at 28th day of July, 2016\nPage 9\n\n SCHEDULE\nsection 3(2)\nFORM OF CERTIFICATE REQUIRED FOR THE PURPOSE OF\nSECTION 3(2)\nI CERTIFY that the within named (name) appeared before me on the                           day\nof                        , 20........ and, being identified (or being known to me) acknowledged\nthe above signature or mark to be his\/hers\/theirs* and that-\n(a)\nhe\/she\/they* had freely and voluntarily executed this instrument;\n(b) the effect of this instrument has been explained to him\/her\/them;* and\n(c)\nhe\/she\/they* understood its contents.\n(Signed) \u2026............................................\nCapacity of signatory*:\njudge\nmagistrate\njustice of the peace\nnotary public\ncommissioner for oaths\nadministrative officer\n*Delete as appropriate.\nPublication in consolidated and revised form authorised by the Cabinet this 30th\nday of August, 2016.\nKim Bullings\n Clerk of Cabinet","akn_extracted_at":"2026-06-22 15:30:51.084448+00","cms_id":"1964-0013","law_type":"principal","year":"1964","number":"13","title":"Bills of Sale Act","status":"in_force"},"provenance":{"files":[{"file_id":"4819","expr_id":"19","kind":"akn_xml","filename":"1964-0013_2016 Revision.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/PRINCIPAL\/1964\/1964-0013\/1964-0013_2016 Revision.akn.xml","content_md5":"3eb53eb6096e334b126f691cbfa7af15","byte_size":"11459","http_last_modified":null,"fetched_at":"2026-06-22 15:30:51.18186+00"},{"file_id":"37","expr_id":"19","kind":"pristine_pdf","filename":"1964-0013_2016 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