Revised Laws of Saint Lucia (2021)

235.   Prohibition of payment

A company shall not make a payment to a dissenting shareholder under section 229 if there are reasonable grounds for believing—

  1.  

    (a)     the company is or would, after the payment, be unable to pay its liabilities as they become due; or

  1.  

    (b)     the realisable value of the company's assets would thereby be less than the aggregate of its liabilities.