Revised Laws of Saint Lucia (2021)

25.   Rights of depositors and creditors in voluntary liquidation

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    (1)   An authorisation to go into voluntary liquidation given under section 22 shall not prejudice the rights of a depositor or other creditor to payment in full of the depositor's claim or the right of an owner of funds or other property held by the licensee to the return thereof.

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    (2)   All lawful claims shall be paid promptly and all funds and other property held by the licensee shall be returned to their owners within such period as the Minister, shall by order prescribe.