(1) Subject to subsection (2) the property listed in paragraphs (a), (b), (c) and (d) which are held or owned by a licensee shall be presumed to be abandoned—
(a) any deposit made with a licensee in Saint Lucia together with any interest or dividend, but excluding any lawful charges thereon;
(b) any funds paid toward the purchase of shares or other interest in a licensee in Saint Lucia together with any interest or dividend, by excluding any lawful charges thereon;
(c) any sum payable on cheques certified in Saint Lucia or written instruments issued in Saint Lucia on which a licensee is directly liable; or
(d) any contents of a safe deposit box upon which the lease or rental has expired and concerning which notice of the intention of the licensee to deliver the contents thereof into the custody of the Treasury has been sent by registered letter to the last known address of the lessee and to which the lessee has failed to respond within one year.
(2) The property specified in subsections (1)(a), (1)(b) and (1)(c) is not presumed to be abandoned if the owner, within 15 years of the date of deposit, payment of funds or issuance of instruments, has—
(a) increased or decreased the amount of the deposit or funds or presented the passbook or other record for the crediting of interest or dividends in respect of the property specified in subsection (1)(a) or (1)(b);
(b) corresponded in writing with the licensee concerning the items; or
(c) otherwise indicated an interest in the items as evidenced by a memorandum concerning them written by a licensee.