2019 US Virgin Islands Code
Title 28 - Property
Chapter 21 - Actions for Partition of Real Property
§ 480. Compensation for sale of estate for life or years
Universal Citation: V.I. Code tit. 28, § 480 (2019)
Any person entitled to an estate for life or years in any undivided part of the property, whose estate has been sold, shall be entitled to receive such sum in gross as may be deemed upon principles of law applicable to annuities a reasonable satisfaction for such estate, and which the person so entitled shall consent to accept instead thereof, by an instrument duly acknowledged or proved in the same manner as deeds for the purpose of record, and filed with the clerk.
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