2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 1 - General Corporation Law
Subchapter XVI - Miscellaneous Provisions
§ 451. Application of chapter

Universal Citation: V.I. Code tit. 13, § 451 (2019)
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  • (a) Except as provided in Title 9 or chapter 3 of this title, all corporations organized under the laws of the United States Virgin Islands and existing on the date this chapter becomes effective, shall be governed by the provisions of this chapter.

  • (b) Except as provided in Title 9 or chapter 3 of this title, all corporations to be formed after the date upon which this chapter becomes effective, shall be organized under, and governed by, the provisions of this chapter.

  • (c) This section shall not be construed as requiring any corporation organized under the laws of the United States Virgin Islands and existing on the date this chapter becomes effective to acquire new articles of incorporation as provided in this chapter.

  • (d) Section 348 and subchapters I, III, IX, X (except section 290 of said subchapter X), XI, XIII, XIV and XV of this chapter shall not be applicable to banks, foreign banks which have branches established in the United States Virgin Islands, and banks incorporated under the National Bank Act (12 U.S.C. § 21 et seq.), and laws amendatory thereof or supplemental thereto.

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