2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

Co-Operative Societies Regulations – Section 238 (Statutory Instruments 90/1999 and 72/2001)

Statutory Instrument 90/1999 .. in force 30 October 1999

Amended by S.I. 72/2001 .. in force 23 June 2001

ARRANGEMENT OF REGULATIONS

1.Citation
2.Definitions
3.Forms required
4.Fees
5.Filling out of document
6.Dividend rate
7.Transfer of shares
8.Minimum amount of fidelity bond
9.Annual financial statements and special returns
10.Auditor's report
11.Standard of financial statement and Auditor's Report
12.Election of directors
13.Meetings of directors
14.Appointment of secretary and treasurer
15.Duties of secretary and treasurer
16.Supervisory Committee
17.Education Committee
18.Procedures on appeal of termination of membership
19.Unclaimed amounts in case of terminated member
20.Amendment of bye-laws
21.Bye-laws of housing society
22.Liquidity
23.Loan approval
24.Borrowing by director etc
25.Security for loans
26.Maximum period for interest on loans
27.Loan terms and conditions
28.Bad and doubtful loans
29.Doubtful loans allowance
30.Overdue loans
31.Investment
32.Use of statutory reserves
33.Credit committee
34.Interest on bad and doubtful loans
35.Deposits
36.Maximum liability on deposits and loans
37.Bank account
38.Branches
Schedule 1
Schedule 2
Schedule 3

Commencement [30 October 1999]