Any director of a domestic stock insurer who votes for or concurs in the declaration or payment of any dividend to stockholders or a reduction of capital stock not authorized by law shall, in addition to any other liability imposed by law, be guilty of a gross misdemeanor.
Illegal dividends, reductions; penalty against directors
22 V.I.C. § 354 — under Domestic Stock Insurers.
22 V.I.C. § 354