Revised Laws of Saint Lucia (2021)

88.   Recovery by action

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    (1)   A director who is liable under section 86 may apply to the court for an order compelling a shareholder or other recipient to pay or deliver to the director any money or property that was paid or distributed to the shareholder or other recipient contrary to section 39, 40, 41, 50, 51, 52, 53 or 54.

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    (2)   In connection with an application under subsection (1), the court may, if it is satisfied that it is equitable to do so—

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      (a)     order a shareholder or other recipient to pay or deliver to a director any money or property that was paid or distributed to the shareholder or other recipient contrary to any of the provisions of section 39, 40, 41, 50, 51, 52, 53, 54, 99 to 103, 226 to 235 or 241;

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      (b)     order a company to return or issue shares to a person from whom the company has purchased, redeemed or otherwise acquired shares; or

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      (c)     make any further order it thinks fit.