Title 9, Banking
20 chapters · 557 sections in this title.
9 V.I.C. § 1 Definitions
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As used in this title, unless it is otherwise provided or the context requires a different construction, application, or meaning— “Affiliate” means an corporation partnership, limited liability company business trust, or any other legal organization or entity that controls, is co…
9 V.I.C. § 2 Application of title
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This title is applicable to all banks organized before or after it takes effect, but does not apply to national banking associations.
9 V.I.C. § 3 Requirements for banking business
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For a bank to engage in the banking business in the United States Virgin Islands, compliance with the requirements of this title shall first be necessary, and the engaging in such business without having complied therewith shall be punished as provided in this title.
9 V.I.C. § 4 Use of term “bank”
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The term “bank” in the designation of a business shall be used only by corporations doing a banking business exclusively international financial services entities or by an international banking entity.
9 V.I.C. § 5 Restrictions on name of bank or foreign bank
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No bank or foreign bank shall be established under the same name as that already used by another institution, or so nearly similar thereto as to lead to confusion. When a bank ceases doing active business it may transfer or assign to another bank the right to use its name. No ban…
9 V.I.C. § 6 Disclosure of information
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Whoever, being an officer, director or employee of any bank authorized to do business in the United States Virgin Islands, discloses any information concerning a depositor or borrower or such person's account with such bank, or who discloses any confidential information concernin…
9 V.I.C. § 7 Application with other laws
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Domestic and foreign banks, as corporations or other legal entities, shall be subject to the applicable provisions of the law applicable to their legal structure only to the extent that such provisions of are compatible and do not conflict with the provisions of this title; and i…