2019 US Virgin Islands Code
Title 9 - Banking
Chapter 3 - Organization and Management of Banks
§ 40. Banks established prior to June 16, 1949
Universal Citation: V.I. Code tit. 9, § 40 (2019)
Banks established and doing business in the United States Virgin Islands prior to June 16, 1949, are not required to meet the provisions of incorporation in this title and the operating capital of the bank as of June 16, 1949, is deemed to have met the requirements of this title with respect to subscribed capital.
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