Revised Laws of Saint Lucia (2021)

110.   Deductions applied to loans and shares

The by-laws of a society may provide that the society may—

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    (a)     deduct an amount from the moneys it receives for the goods, products or services it has marketed, handled, or dealt in, for or on behalf of a member or non-member patron; and

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    (b)     apply the amount prescribed in paragraph (a) towards a loan or to the purchase of shares on such terms as the board determines.