™Your Policy Risk Impact Agent
24 chapters · 354 sections in this title.
15 V.I.C. § 1 Definitions
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When used in a statute, in a will or in any other written instrument prescribing the devolution of property rights and unless the statute, the will or the instrument expressly or impliedly declares otherwise, the terms “heirs”, or “heirs at law”, “next of kin” and “distributees” …
15 V.I.C. § 10 Election by surviving spouse regarding share
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(a) Where a testator dies after the effective date of this Code, and leaves surviving a husband or wife, a personal right of election is given to the surviving spouse to take his or her share of the estate as in intestacy, subject to the limitations, conditions and exceptions con…
15 V.I.C. § 11 Compromise of controversies where interests of infants, incompetents or persons unknown or not in being are or may be affected
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(a) The court may authorize executors, administrators and trustees to adjust by compromise any controversy that may arise between different claimants to the estate or property in their hands to which agreement such executors, administrators or trustees and all other parties in be…
15 V.I.C. § 12 Mortgages and liens on or pledges of personal property specifically bequeathed
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Where personal property subject to any lien, mortgage or pledge is specifically bequeathed by will, the legatee must satisfy the lien, mortgage or pledge out of his own property without resorting to the executors of his testator unless there is in the will of such testator a dire…
