2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

PART 3
SHARE DESIGNATIONS

6.

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    (1)     A share must not be designated as a common share if—

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      (a)     it is a redeemable share;

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      (b)     it does not participate in the remaining property of the company upon a dissolution.

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    (2)     A share must not be designated as a preference share unless it has at least one preference over shares of another class.