3. Constitution of trust corporations
Despite the provisions of article 325 of the Civil Code, or any other Law, the Governor General on the application of any corporation carrying on business in Saint Lucia, if he or she is satisfied that under the instrument whereby the powers of such corporation are defined such corporation is authorised to act as an executor of the will of any deceased person or as an administrator of the estate of any deceased person or as a trustee of any settlement whether constituted by any testamentary instrument or otherwise, may in his or her absolute discretion by order declare such corporation to be a trust corporation for the purposes of this Act. Editor's note: By S.I.12/1965, the West Indies Trust Corporation Limited is declared a trust corporation for the purposes of this Act. By S.I.224/2000 Barclays Bank PLC is declared a trust corporation for the purposes of this Act