2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 10 - Incorporation of Professional Occupations
§ 717. Corporate mergers and consolidations

Notwithstanding any inconsistent provision of this chapter, a professional service corporation, pursuant to the provisions of chapter 1, subchapter IX of this title, may be merged or consolidated with another corporation formed pursuant to the provisions of this chapter or with a foreign corporation, provided that the corporation which survives or which is formed pursuant thereto is a professional corporation or a foreign professional corporation practicing the same profession or professions in the United States Virgin Islands or state of incorporation. The restrictions on the issuance, transfer or sale or shares of a professional service corporation shall not apply to any issuance, transfer or sale of shares made pursuant to a merger or consolidation, provided that, after such merger or consolidation, any professional service corporation which survives or which is created thereby shall be subject to all of the provisions of this chapter, and shares thereafter only may be held by persons who are eligible to receive shares of such professional service corporation. Nothing herein contained shall be construed as permitting the practice of a profession by a corporation which is not incorporated pursuant to the provisions of this chapter.