2019 US Virgin Islands Code
Title 9 - Banking
Chapter 3 - Organization and Management of Banks
§ 36. Liabilities of stockholders
Universal Citation: V.I. Code tit. 9, § 36 (2019)
If any shareholder neglects or refuses, after three months' notice, to pay the assessment provided in subsection (d) or (e) of section 35 of this title, the Board of Directors shall cause a sufficient amount of the capital stock of such shareholder to be sold at public auction (upon thirty days' notice to be given by posting such notice of sale in the office of the bank or by publication in a newspaper of general circulation in each judicial division of the United States Virgin Islands), to make good the deficiency; and the balance, if any, shall be returned to such delinquent shareholder.
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