(1) The authorised share capital of the Bank shall be $20,000,000 divided into four million shares of a par value of $5 each.
(2) The Government shall subscribe for and the Bank shall issue at least 2,000,800 shares in the Bank and the Government shall pay up in respect thereof a sum not less than $12,000,000.
(3) Subject to the provisions of subsection (4), any person may, in accordance with regulations made under section 52, subscribe for and hold shares in the Bank.
(4) The Government of Saint Lucia shall hold not less than 40% of the Bank's issued share capital, provided that the Government may reduce its holding to 20% of the Bank's issued share capital with the approval of Parliament.
(5) With the exception of the Government, no person or group of related persons shall hold more than 20% of the share capital of the Bank.