Revised Laws of Saint Lucia (2021)

PART 3
PROMISSORY NOTES

406.   Promissory note defined

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    (1)   A promissory note is an unconditional promise in writing made by one person to another signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money to, or to the order of a specified person or to bearer.

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    (2)   An instrument in the form of a note payable to maker's order is not a note within the meaning of this article, unless and until it is endorsed by the maker.

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    (3)   A note is not invalid by reason only that it contains also a pledge of collateral security, with authority to sell or dispose.

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    (4)   A note which is , or on the face of it purports to be, both made and payable within Saint Lucia, is an inland note. Any other note is a foreign note.