The directors shall hold office until their successors are respectively elected and qualified, and a majority of them shall constitute a quorum for the transaction of business, unless the bylaws shall provide that a different number shall constitute a quorum, which in no case shall be less than one-third of the total number of directors nor less than two directors.
Term of office; quorum
13 V.I.C. § 63 — under General Corporation Law.
13 V.I.C. § 63