Banking institutions not liable for bank's obligations to lenders

29 V.I.C. § 915 — under Economic Development Bank.

29 V.I.C. § 915

Any banking institution having an officer on the Bank's Board of Directors or entering into a financing relationship with the Bank shall not be subject to lender liability arising from the Bank's conduct, unless the banking institution's conduct is determined by a court of competent jurisdiction to constitute willful wrongdoing or gross negligence.