2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

7.   Jointly held bonds

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    (1)   Where the names of 2 persons are to be entered in the Register as holders of a bond, one address only given by the holders must be entered in the Register for all purposes relating to the bond.

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    (2)   Where a bond is registered in the joint names of 2 persons, it may be encashed on the signature of either or both of those persons.

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    (3)   Where a bond is registered in the joint names of 2 persons and one of them dies the full interest in the bond passes to the surviving holder; and the Register must reflect that transfer.