2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

ARTICLE 28:   WITHDRAWAL

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    28.1   This Treaty shall be of unlimited duration.

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    28.2   Any Member State may withdraw from the Organisation upon giving written notice of such withdrawal to the Director-General who shall promptly notify the other Member States and the OECS Commission. Such withdrawal shall take effect 12 months after the notice is received by the Director-General.

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    28.3   Any Member State which withdraws from the Organisation shall discharge its financial obligations to the Organisation and shall respect any commitments undertaken before the effective date of withdrawal.

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    28.4   Any Member State which withdraws from the Organisation during the period of its operation has no claim to any part of the proceeds until the liquidation of the assets of the Organisation on the termination of this Treaty, at which time it shall be entitled to the value of its assets as at the date of withdrawal.