(1) All moneys of Invest Saint Lucia accruing from its operations under this Act shall be paid into a bank approved by the Minister, and such moneys shall, as far as practicable, be paid into the bank or banks from day to day, except such sums as any officer of Invest Saint Lucia may be authorized by rules of Invest Saint Lucia to retain to meet petty disbursements or immediate payments.
(2) All payments out of the funds of Invest Saint Lucia, except petty disbursements not exceeding such sums to be fixed by rules, shall be made by any officer authorized by Invest Saint Lucia in accordance with the rules.
(3) Cheques against any bank account required to be kept or withdrawals from any savings bank account and bills of exchange or orders for payment of money shall be signed by the officer authorized by Invest Saint Lucia in accordance with the rules and counter-signed by the chairperson of Invest Saint Lucia or any member of the Board or any officer of Invest Saint Lucia appointed by resolution of Invest Saint Lucia for the purpose, and a copy of any such resolution shall be certified by the chairperson and forwarded to the bank or banks concerned.