Revised Laws of Saint Lucia (2021)

228.   Suspension of rights

After sending a notice under section 227, a dissenting shareholder ceases to have any rights as a shareholder, other than the right to be paid the fair value of his or her shares as determined under this section, unless—

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    (a)     the dissenting shareholder withdraws his or her notice before the company makes an offer under section 229;

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    (b)     the company fails to make an offer in accordance with section 229 and the dissenting shareholder withdraws his or her notice; or

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    (c)     the directors—

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      (i)     under section 213(2) revoke a resolution to amend the articles of the company,

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      (ii)     under section 221(6), terminate an amalgamation agreement, or

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      (iii)     under section 136(7), abandon a sale, lease or exchange of property, in which case his or her rights as a shareholder are re-instated as of the date the notice mentioned in section 227 was sent.