Revised Laws of Saint Lucia (2021)

256.   Charge on acquisition of property

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    (1)   Where a company acquires any property that is subject to a charge of any kind that would, if it had been created by the company after the acquisition of the property, have been required to be registered under this Division, the company shall within 28 days after the date on which the acquisition is completed, lodge with the Registrar for registration—

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      (a)     a statement of the particulars required by section 251 and of the date of the acquisition of the property; and

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      (b)     the instrument by which the charge was created or is evidenced or a copy thereof,

accompanied by a statutory declaration as required by section 250 and certified as provided in section 252.

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    (2)   Failure to comply with subsection (1) does not affect the validity of the charge concerned.

Registration of Charges