2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 3 - Nonprofit Corporations
§ 495. Bylaws; adoption; contents

Before transacting any business or acquiring any property the persons constituting the membership of the corporation shall meet and adopt bylaws. The vote of a majority of all the members in good standing of the corporation shall be necessary to the adoption of such bylaws and when adopted the same shall be written in a book kept by the corporation, to be duly signed by all persons thereafter becoming members of said corporation so formed under this chapter. The corporation may by its bylaws provide for the time, place and manner of calling and conducting its meetings; the number of directors, managers or trustees, the time of their election, their term of office and the mode and manner of their removal; the mode and manner of filling vacancies on the board of directors, managers or trustees caused by death, resignation, removal or otherwise; the power and authority of the directors, managers or trustees; the compensation of the directors, managers or trustees or of the officers; the mode and manner of conducting business; the mode and manner of conducting elections; the qualifications for membership; the manner in which membership shall cease; the mode and manner of expulsion of a member; the termination of a member's interest in the corporate property under the cessation of his membership, and whether he shall be remunerated therefor, and, if so, in what manner; the amount of membership fee, and the dues, or other charges which each member may be required to pay, if any; the charges which may be made for services rendered or supplies furnished the members of the corporation by it; the manner of collection or enforcement of membership fees, dues or charges, and the method of forfeiting the membership interest, for nonpayment; the method, time and manner of permitting the withdrawal of a member, if at all, and how such withdrawing member's interest may be ascertained and payments made therefor, if the corporation decides he should be reimbursed therefor; the formation of a surplus fund and the manner and proportion in which such surplus fund shall be distributed, either upon the order of the corporation or upon its dissolution; and generally, all such other matters as may be proper to carry out the purpose for which the corporation was formed.