Revised Laws of Saint Lucia (2022)

• 1.   Short title

• 2.   Interpretation

• 3.   Incorporation of societies

• 4.   Purposes for which societies may be established

• 5.   Limitation of liability of members

• 6.   Power to borrow money

• 7.   Matters to be set out in rules

• 8.   Registration of rules

• 9.   Alteration of rules

• 10.   Change of chief office

• 11.   Rules may be made to provide forms of conveyance etc.

• 12.   Evidence of registration

• 13.   Rules binding on members and others

• 14.   Change of name

• 15.   Officers to give security

• 16.   Officers to account

• 17.   Protection of money or property of society in possession of officer

• 18.   Investment of surplus

• 19.   Payment of sums not exceeding $250 when members or depositors die intestate

• 20.   Member dying intestate leaving infant minor or heir

• 21.   Punishment of fraud in withholding money etc.

• 22.   Initiation of proceedings

• 23.   Proceedings necessary for the termination or dissolution of a society

• 24.   Obligations of liquidators and trustees on dissolution

• 25.   Liability of borrowing members on dissolution

• 26.   Account and balance sheet to be sent to Registrar on dissolution

• 27.   Prohibition of balloting for advances

• 28.   Prohibition of advances on second mortgage

• 29.   Limits of borrowing power

• 30.   Provisions as to name and deposits

• 31.   Societies may unite or transfer engagements to another

• 32.   Determination of disputes by arbitration

• 33.   Court may order compliance with the decision of arbitrators

• 34.   Determination of disputes by Registrar

• 35.   Determination of disputes by Court

• 36.   Determination to be final

• 37.   Definition of “disputes”

• 38.   Buildings may be purchased or leased

• 39.   Minors may be elected members

• 40.   Shares may be held by 2 or more persons

• 41.   Annual account and statement of funds

• 42.   Auditors

• 43.   special meeting

• 44.   Cancellation and suspension of registry

• 45.   Exemption from Income Tax

• 46.   Application of companies act

• 47.   Penalties

• 48.   Penalties for neglect or refusal to comply with provisions of this Act

• 49.   False entries

• 50.   Gifts not to be accepted by officials

• 51.   Annual report by Registrar

• 52.   Fees of Registrar

• 53.   Regulations

• Schedule 1

• Schedule 2

• Schedule 3

• Schedule 4