Revised Laws of Saint Lucia (2023)

• 1.   Short title

• 3.   Requirement for licence

• 4.   Application and grant of licence

• 6.   Notification of change of particulars

• 7.   Categories of licences

• 9.   Refusal to grant licence

• 11.   Capital

• 12.   Surrender of licence

• 13.   Limitation on transfer issue or disposal

• 14.   Use of word “bank”

• 15.   Audited accounts for licensee

• 16.   Certain prohibitions on licensee

• 17.   Number of directors

• 18.   Duties of Director

• 19.   Secrecy

• 20.   Powers of Minister

• 21.   Order for winding-up

• 22.   Voluntary liquidation

• 23.   Cessation of business operations

• 24.   Notices to depositors of voluntary liquidation

• 25.   Rights of depositors and creditors in voluntary liquidation

• 26.   Distribution of assets

• 27.   Insufficiency of assets in discharge of obligations in voluntary liquidation

• 28.   Appointment of receiver

• 29.   Notice of appointment of receiver

• 30.   Proceedings to revoke receiver's appointment

• 31.   Period of obligation to commence proceedings

• 32.   Compulsory liquidation or reorganisation proceedings

• 33.   Powers of the Court

• 34.   Powers of receiver or liquidator

• 35.   Term extensions, attachments and voidable transfer of assets

• 36.   Execution against assets of a licensee

• 37.   Reorganisation proceedings

• 38.   Reorganisation provisions

• 39.   Petition for modification of reorganisation

• 40.   Preferential and other claims

• 41.   Unclaimed funds

• 42.   Shareholders' rights on remaining assets

• 43.   Safe deposits and unclaimed property

• 44.   Conclusion of liquidation

• 45.   Abandoned property

• 46.   Report, publication and disposal of abandoned property

• 47.   Sale and handling of proceeds of abandoned property

• 48.   Claims on abandoned property

• 49.   Penalties

• 50.   Offences

• 51.   Appeals

• 52.   Insurance

• 53.   Immunity

• 54.   Non-application of Banking Act and Exchange Control ACT

• 55.   Consolidated Fund

• 8.   Fees

• 2.   Interpretation

• 5.   Registered office and registered agent

• 10.   Limitation on activities

• (Substituted by Act 14 of 2022)