2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

74.   Relation of international limited partners inter se

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    (1)   Partners may agree that one or more of the international limited partners shall have a priority over other international limited partners as to —

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      (a)     the return of their contributions;

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      (b)     their compensation by way of income; or

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      (c)     any other matter.

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    (2)   If such an agreement is made it shall be stated in the articles and in the absence of such a statement all the international limited partners shall stand upon equal footing in proportion to their respective contributions actually made to the international limited partnership.