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11 chapters · 347 sections in this title.
13 V.I.C. § 1101 Short title
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This chapter shall be known and may be cited as “The Uniform Limited Liability Company Act”.
13 V.I.C. § 1102 Definitions
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(a) In this chapter, unless the context otherwise requires:(a) “Articles of organization” means initial, amended, and restated articles of organization and articles of merger. In the case of a foreign limited liability company, the term includes all records serving a similar func…
13 V.I.C. § 1103 Knowledge and notice
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(a) A person knows a fact if the person has actual knowledge of it. (b) A person has notice of a fact if the person:(1) knows the fact;(2) has received a notification of the fact; or(3) has reason to know the fact exists from all of the facts known to the person at the time in qu…
13 V.I.C. § 1104 Effect of operating agreement; nonwaivable provisions
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(a) Except as otherwise provided in subsection (b) of this section, all members of a limited liability company may enter into an operating agreement, which need not be in writing, to regulate the affairs of the company and the conduct of its business, and to govern relations amon…
