Revised Laws of Saint Lucia (2021)

2178.   Power of Court to appoint new trustees

  1.  

    (1)   The Court may, whenever it is expedient to appoint a new appoint a new trustee or new trustees, and it is found inexpedient, difficult or impracticable so to do without the assistance of the Court, make an order appointing a new trustee or new trustees either in substitution for or in addition to any existing trustee or trustees, or although there is no existing trustee.

In particular and without prejudice to the generality of the foregoing provision, the Court may make an order appointing a new trustee in substitution for a trustee who is convicted of felony, or is a person of unsound mind, or is a bankrupt, or is a corporation which is in liquidation or has been dissolved.

  1.  

    (2)   An order under this article, and any consequential vesting order or conveyance, shall not operate further or otherwise as a discharge to any former or continuing trustee than an appointment of new trustees under any power for that purpose contained in any instrument would have operated.

  1.  

    (3)   Nothing in this article gives power to appoint an executor or administrator.