(1) The body corporate constituted under section 3 of the repealed Act and known as the National Development Corporation is preserved and continues in existence for the purposes of this Act as Invest Saint Lucia.
(2) The corporate identity and rights and obligations of Invest Saint Lucia are not affected by the change of its name.
(3) A reference to the National Development Corporation in a written law or other instrument or document shall be read and construed as a reference to Invest Saint Lucia unless the context requires otherwise.
(4) Invest Saint Lucia shall have a Board which is the governing body of Invest Saint Lucia with authority, in the name of Invest Saint Lucia, to exercise and perform the functions conferred or imposed on Invest Saint Lucia under this Act.
(5) Cabinet may, on the recommendation of the Minister, by Order published in the Gazette, change the name of the body corporate Invest Saint Lucia.
(6) An Order made under subsection (5) must amend every section in this Act where Invest Saint Lucia appears.