Revised Laws of Saint Lucia (2021)

25.   Liability of borrowing members on dissolution

When a society is being dissolved or wound up, a member to whom an advance has been made under any hypothecary obligation, mortgage or other security, or under the rules of the society, shall not be liable to pay the amount payable under such mortgage, hypothecary obligation, security, or rules, except at the time or times and subject to the conditions therein expressed.