Revised Laws of Saint Lucia (2021)

PART 8
TERMINATION OR FAILURE OF INTERNATIONAL TRUSTS

24.   Failure or lapse of interest

Where—

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    (a)     an interest of a beneficiary of the international trust lapses; or

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    (b)     an international trust terminates other than as is provided for in section 25(1); and

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    (c)     there is no beneficiary and no person, whether or not then living who can become a beneficiary in accordance with the terms of the international trust,

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    the interest or trust property concerned shall, subject to the terms of the international trust, any order of the Court, or section 26, be held by the trustee in trust for the settlor absolutely, or if he or she is dead, as if it had formed part of his or her estate at death.