2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

6.   Manner and consequence of registration

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    (1)   A Bond may be registered in—

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      (a)     the name of a person or the joint names of 2 persons; or

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      (b)     the name of a registered “body of persons” within the meaning of section 2 of the Income Tax Act, a friendly society, credit union, or any other non-profit organization.

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    (2)   Subject to regulation 4, bonds may not be registered in the name of a person as a nominee.

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    (3)   Where, in accordance with these Regulations, an entry in respect of a bond is made in the Register in the name of a person or an organisation, that entry is conclusive evidence that that person or organisation is the holder of that bond.