2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 1 - General Corporation Law
Subchapter X - Sale of Assets; Dissolution
§ 282. Surrender of corporate rights before payment of capital and beginning business

Before the payment of any part of the capital and before beginning business for which the corporation was created, the incorporators named in the articles of incorporation, or a majority of them, may surrender all their corporate rights and franchises, by filing in the office of the Lieutenant Governor a certificate, verified by the oath or affirmation of a majority of the incorporators named in the articles of incorporation, that no part of the capital has been paid and the business has not been begun, and surrendering all rights and franchises, and thereupon the corporation shall be dissolved. A certified copy of the certificate shall be filed in the office of the clerk of the district court in the judicial division in which the original articles of incorporation were filed.