Revised Laws of Saint Lucia (2021)

403.   General provisions as to liquidators

  1.  

    (1)   A liquidator appointed by the court may resign or, on cause shown be removed by the court.

  1.  

    (2)   Where a person other than the Official Receiver is appointed liquidator, he or she shall receive such salary or remuneration by way of percentage or otherwise as the court may direct and, if more persons than one are appointed liquidators, their remuneration shall be distributed among them in such proportions as the court directs.

  1.  

    (3)   A vacancy in the office of a liquidator appointed by the court shall be filled by the court.

  1.  

    (4)   If more than one liquidator is appointed by the court, the court shall declare whether any act by this Act required or authorised to be done by the liquidator is to be done by all or any one or more of the persons appointed.

  1.  

    (5)   Subject to this Act, the acts of a liquidator are valid despite any defects that may afterwards be discovered in his or her appointment or qualification.