2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 7 - Cooperative Corporations
§ 566. Permissible provisions
Universal Citation: V.I. Code tit. 13, § 566 (2019)
- The bylaws of a cooperative corporation may provide for:
(a) The management of the property.
(b) The regulation of the affairs.
(c) Transfer of the shares.
(d) The purchase of shares as authorized.
(e) Calling of meetings of shareholders.
(f) Election of directors.
(g) The number of shareholders necessary to constitute a quorum.
(h) The method of returning and distributing net savings or earnings.
(i) Such other rules and regulations as the directors deem necessary for the proper management of the business of the corporation.
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