Revised Laws of Saint Lucia (2021)

160.   Notice to depositors of voluntary liquidation

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    (1)   Within 30 days from the receipt of authorisation referred to in section 158 a notice of voluntary liquidation, setting out any information as the Central Bank may determine, shall be sent by mail to all depositors, other creditors and persons otherwise entitled to the funds or property held by the licensed financial institution or licensed financial holding company as a trustee, lessor of a safe deposit box or bailee.

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    (2)   The notice shall be posted conspicuously on the premises of each office and branch of the licensed financial institution or licensed financial holding company and shall be published as the Central Bank, shall direct.

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    (3)   The Central Bank may exempt the mailing of such notice to specified persons upon a showing of cause by the licensed financial institution or licensed financial holding company.