(1) Subject to subsection (2) the following items which are held or owing by a licensee are presumed to be abandoned—
(a) any funds paid in Saint Lucia toward the purchase of shares or other interests in a licensee, together with any interest or dividend, but excluding any lawful charges;
(b) any sum payable on written instruments issued in Saint Lucia on which a licensee is directly liable; or
(c) any sum delivered to the licensee for transmittal to a person in Saint Lucia or in another jurisdiction for and on behalf of a payee.
(2) The items enumerated in subsection (1) are not to be presumed to be abandoned if the owner has, within 2 years of the date of deposit, payment of funds or issuance of instruments, as the case may be—
(a) corresponded in writing with the licensee concerning the items; or
(b) otherwise indicated an interest in the items as evidenced by a memorandum concerning the items written by a licensee.