Title 26, Partnerships

(a) A foreign limited partnership transacting business in the Virgin Islands may not maintain any action, suit, or proceeding in any court of the Virgin Islands until it has registered in the Virgin Islands. (b) The failure of a foreign limited partnership to register in the Virg…

The Lieutenant Governor may bring an action to restrain a foreign limited partnership from transacting business in the Virgin Islands in violation of this chapter.

A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action, or if an effort to cause those general partners to bring the action is not likely to succee…

(1) In a derivative action, the plaintiff must be a partner at the time of bringing the action and:(1) must have been a partner at the time of the transaction of which he complains, or(2) his status as a partner must have devolved upon him by operation of law or pursuant to the t…

In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by a general partner or the reasons for not making the effort.

If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise or settlement of an action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees, and shall…

This chapter shall be so applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.

If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions…

In any case not provided for in this chapter the provisions of the Uniform Partnership Act govern.

(a) A limited partnership may become a limited liability limited partnership by:(1) obtaining approval of the terms and conditions of the limited partnership becoming a limited liability limited partnership by the vote necessary to amend the limited partnership agreement except, …

The repeal of any statutory provision by this chapter does not impair, or otherwise affect, the organization or the continued existence of a limited partnership existing at the effective date of this chapter, nor does the repeal of any existing statutory provision by this chapter…