Revised Laws of Saint Lucia (2023)

325.   INTERPRETATION

  1.  

    (1)   In this Title, unless the context otherwise requires—

“acceptance” means an acceptance completed by delivery or notification;

“action” includes counter claim and set off;

“banker” includes a body of persons, whether incorporated or not, who carry on the business of banking;

“bankrupt” includes any person whose estate is vested in a trustee, assignee, or curator, under the law for the time being in force relating to bankruptcy;

“bearer” means the person in possession of a bill or note which is payable to bearer;

“Bill” means bill of exchange, and “note” means promissory note;

“delivery” means transfer of possession, actual or constructive, form one person to another;

“holder” means the payee or indorsee of a bill or note who in possession of it, or the bearer thereof;

“indorsement” means an indorsement completed by delivery;

“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;

“Minister” means the Minister responsible for finance; (Inserted by Act 14 of 2010)

“person” includes a body of persons,, whether incorporated or not;

“value” means valuable consideration;

“written” includes printed, and “writing” includes print.