Revised Laws of Saint Lucia (2021)

227.   Demand for payment

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    (1)   A dissenting shareholder shall within 20 days after he or she receives a notice under section 226(7), or, if he or she does not receive that notice, within 20 days after he or she learns that a resolution under that subsection has been adopted, send to the company a written notice containing—

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      (a)     his or her name and address;

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      (b)     the number and class or series of shares in respect of which he or she dissents; and

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      (c)     a demand for payment of the fair value of the shares.

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    (2)   A dissenting shareholder shall within 30 days after sending a notice under subsection (1), send the certificates representing the shares in respect of which he or she dissents to the company or its transfer agent.

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    (3)   A dissenting shareholder who fails to comply with subsection (2) has no right to make a claim under this section.

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    (4)   A company or its transfer agent shall endorse on any share certificate received by it under subsection (2) a notice that the holder of the share is a dissenting shareholder under this section, and return the share certificate to the dissenting shareholder.