Revised Laws of Saint Lucia (2021)

296.   Duties of receivers, etc

A receiver or receiver-manager of a company shall—

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    (a)     immediately give notice of his or her appointment to the Registrar, and of his or her discharge;

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    (b)     take into his or her custody and control the property of the company in accordance with the court order or instrument under which he or she is appointed;

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    (c)     open and maintain a bank account in his or her name as receiver or receiver-manager of the company for the moneys of the company coming under his or her control;

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    (d)     keep detailed accounts of all transactions carried out by him or her as receiver or receiver-manager;

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    (e)     keep accounts of his or her administration, which shall be available during usual business hours for inspection by the directors of the company;

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    (f)     prepare financial statements of his or her administration at such intervals and in such form as are prescribed;

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    (g)     upon completion of his or her duties, render a final account of his or her administration, in the form adopted for interim accounts under paragraph (f); and

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    (h)     file with the Registrar a copy of any financial statement mentioned in paragraph (f) and any final account mentioned in paragraph (g) within 15 days of the preparation of the financial statement or rendering of the final account, as the circumstances require.