Revised Laws of Saint Lucia (2021)

108.   Record date of shareholders

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    (1)   For the purpose of—

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      (a)     determining the shareholders of the company who are—

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        (i)     entitled to receive payment of a dividend, or

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        (ii)     entitled to participate in a winding-up distribution; or

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      (b)     determining the shareholders of the company for any other purpose except the right to receive notice of, or to vote at, a meeting,

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      the directors may fix in advance a date as the record date for the determination of shareholders; but that record date shall not precede by more than 30 days the particular action to be taken.

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    (2)   For the purpose of determining shareholders who are entitled to receive notice of a meeting of shareholders of the company, the directors of the company may fix in advance a date as the record date for the determination of shareholders; but the record date shall not precede by more than 30 days or by less than 7 days the date on which the meeting is to be held.