Revised Laws of Saint Lucia (2021)

466.   Fraudulent preference

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    (1)   Any conveyance, mortgage, delivery of goods, payment, execution, or other act relating to property which would, if made or done by or against an individual, be deemed in his or her bankruptcy a fraudulent preference, or a fraudulent conveyance, assignment, transfer, sale or disposition, shall, if made or done by or against a company, be deemed in the event of its being wound up, a fraudulent preference of its creditors, or a fraudulent conveyance, assignment, transfer, sale or disposition, as the case may be, and be invalid accordingly.

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    (2)   For the purposes of this section, the commencement of the winding-up is deemed to correspond with the presentation of the bankruptcy petition in the case of an individual.

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    (3)   Any conveyance or assignment by a company of all its property to trustees for the benefit of all its creditors is void.