Revised Laws of Saint Lucia (2021)

PART 6
PURPOSE INTERNATIONAL TRUSTS

21.   Trusts for non-charitable purposes

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    (1)   An international trust may be created for a purpose which is non-charitable if—

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      (a)     the purpose is specific, reasonable and capable of fulfillment; and

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      (b)     the purpose as described in the stated purpose of the international trust is not, unlawful or contrary to public policy in Saint Lucia.

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    (2)   An international trust created for a non charitable purpose in accordance with subsection (1) shall be known as a purpose international trust.

(Amended by Act 21 of 2003)