(1) Where the Chief Immigration Officer is notified of a change under section 48, he or she may revoke the alien investor entrance permit of the alien investor, dependant, director, beneficial owner or shareholder of the alien investor.
(2) Where an alien investor holds land in Saint Lucia pursuant to several licences issued under the former Act or under this Act, the revocation of one licence does not cause the alien investor entrance permit of the alien investor or his or her dependant, or the director, beneficial owner or shareholder of the alien investor or a dependant of a director, beneficial owner or shareholder of an alien investor to be revoked if that alien investor holds another valid licence issued under the former Act or under this Act.