2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

REGISTERED SHARES

  1.  

    2.   The Company shall issue to every member holding shares in the Company a certificate signed by a director or officer of the Company and under the Seal specifying the share or shares held by him or her and the signatures of the director or officer and the Seal may be facsimiles.

  1.  

    3.   If a share certificate for shares is worn out or lost it may be renewed on production of the worn out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a resolution of directors. Any member receiving such share certificate shall indemnify and hold the Company and its directors and officers harmless from any loss or liability which it or they may incur by reason of wrongful or fraudulent use or representation made by any person by virtue of the possession of such share certificate.

  1.  

    4.   If several persons are registered as joint holder of any shares, any one of such persons may give an effectual receipt of any dividend payable in respect of such shares.