Revised Laws of Saint Lucia (2021)

161.   Rights of depositors and creditors in voluntary liquidation

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    (1)   The authorisation to go into voluntary liquidation shall not prejudice the rights of a depositor or other creditor to payment in full of his or her claim nor the right of an owner of funds or other property held by the licensed financial institution or licensed financial holding company to the return.

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    (2)   All deposits shall be paid within 3 days, all other lawful claims shall be paid promptly, and all funds and other property held by the licensed financial institution or licensed financial holding company shall be returned to their owners within such maximum period as the Central Bank shall determine.