Revised Laws of Saint Lucia (2021)

21.   Application of Part 3 to secondary securities

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    (1)   This Part shall apply, with such modifications (if any) as may be prescribed, in relation to any such document as is mentioned in the following subsection, as if the document created, and were the certificate of title to, a security (hereafter in this Act referred as a “secondary security”).

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    (2)   The documents referred to in the preceding subsection are any letter of allotment which may be renounced, any letter of rights, any warrant conferring an option acquire a security, any deposit certificate in respect of securities (but not including a receipt by an authorise depositary for any certificate of title deposited under this Part), and such other documents conferring, or containing evidence of, rights as may be prescribed.