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20 chapters · 557 sections in this title.
9 V.I.C. § 346 Security deposit
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(a) Such association shall deposit with the Commissioner of Finance first mortgage securities to the amount of $25,000, approved by the Banking Board. Such deposit shall be held in trust by the Commissioner of Finance for the protection and indemnity of the residents of this terr…
9 V.I.C. § 347 Bond
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Such association shall file with the Lieutenant Governor a bond to the territory in such sum as he may require, not more than $10,000 nor less than $500, with such sureties or securities as he approves, conditioned for the making of reports and returns required by this subchapter…
9 V.I.C. § 348 Duties of Banking Board—Papers, reports
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The Banking Board shall file all papers required by this subchapter, and thoroughly examine the annual reports submitted by foreign building and loan associations.
9 V.I.C. § 349 Licenses
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After examination, if the Banking Board becomes satisfied that a foreign building and loan association desiring to do business in this territory is solvent and conducts its business according to law, and has complied with the provisions of this subchapter, it may issue a license …
