The Minister shall appoint a receiver for a licensee—
(a) whose capital is impaired or whose condition is otherwise unsound or in a manner deemed by the Minister to be detrimental to Saint Lucia;
(b) whose business is being conducted in an unlawful or imprudent manner;
(c) if the continuation of its activities is detrimental to the interest of its depositors;
(d) that refuses to submit its accounting records and its operations for examination as provided for in section 18(2)(b) or has otherwise obstructed such inspection; or
(e) whose licence has been revoked in accordance with section 20(1)(a).