2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 1 - General Corporation Law
Subchapter X - Sale of Assets; Dissolution
§ 281. Sale, lease or exchange of assets; consideration

Every corporation may, by resolution of its board of directors, sell, lease or exchange all of its property and assets, including its good will, upon such terms and conditions and for such price, rent or property, which may be in whole or in part shares of stock in, and/or other securities of, any other corporation or corporations, as its board of directors deems expedient and for the best interests of the corporation and all the stockholders thereof, when and as authorized by the affirmative vote of the holders of a majority of the stock issued and outstanding having voting power given at a stockholders' meeting duly called for that purpose, or when authorized by the written consent of the holders of a majority of the voting stock issued and outstanding. The articles of incorporation may require the vote or written consent of the holders of a larger proportion of the stock issued and outstanding but in no event more than three-fourths thereof.