Title 13, Corporations and Associations
11 chapters · 347 sections in this title.
13 V.I.C. § 491 Formation of nonprofit corporation; purposes; articles; filing
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(a) Three or more adult persons, who are bona fide residents of the Virgin Islands of the United States, and who desire to form a corporation for a college, seminary, church, library, or any other benevolent, fraternal, social, religious, educational, charitable or scientific ass…
13 V.I.C. § 492 Articles of incorporation; contents; amendments
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(a) The articles of incorporation shall contain and state—(1) the name of the corporation, which shall not be the same as, nor similar as to cause confusion with, the name of any other domestic corporation or foreign corporation admitted to do business in the United States Virgin…
13 V.I.C. § 493 Powers
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Upon the filing of the articles of incorporation as provided in section 491 of this title the persons who have executed and acknowledged the same, and their successors, shall be a body corporate and politic in fact and in law under the name stated in the articles of incorporation…
13 V.I.C. § 494 Articles of incorporation; evidence
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A copy of any articles of incorporation filed pursuant to this chapter, and certified by the clerk of the district court in whose office the same is filed, or one of his deputies, or by the Lieutenant Governor, shall be received as prima facie evidence of the facts therein stated…
13 V.I.C. § 495 Bylaws; adoption; contents
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Before transacting any business or acquiring any property the persons constituting the membership of the corporation shall meet and adopt bylaws. The vote of a majority of all the members in good standing of the corporation shall be necessary to the adoption of such bylaws and wh…
13 V.I.C. § 496 Interests of incorporators and members
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In every corporation incorporated under the provisions of this chapter, the interest of each incorporator or member shall be equal to that of any other, and no incorporator or member can acquire any interest which will entitle him to any greater voice, vote, authority or interest…
13 V.I.C. § 497 Dissolution; procedure
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(a) A majority of the members in good standing of any corporation organized under this chapter may at any time petition the Lieutenant Governor for a dissolution of the corporation. Such petition shall be accompanied by—(1) the affidavit of the secretary of the corporation statin…
13 V.I.C. § 498 Trustees, powers; continuance of corporate existence
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After the dissolution of the corporation as provided in section 497 of this title, the trustee, if one has been appointed, shall have all the rights, duties, powers and obligations of trustees as set forth in section 286 of this title, with respect to winding up the affairs of th…
13 V.I.C. § 499 Applicability of other laws
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Every corporation created under this chapter shall be deemed and held to be subject to the provisions of chapter 1 of this title and any other general statutes of the United States Virgin Islands relating to corporations to the extent the same are not inapplicable to such corpora…
13 V.I.C. § 500 Reservation of power to amend or repeal this chapter
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This chapter may be amended or repealed, at the pleasure of the Legislature, but such amendment or repeal shall not take away or repeal any remedy against any corporation established under this chapter, or its officers, for any liability which shall have been previously incurred.
13 V.I.C. § 501 Applicability of chapter
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The provisions of this chapter shall apply to every corporation organized or to be organized for the purposes described in section 491 of this title.
13 V.I.C. § 502 Qualification of certain nonprofit corporations
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No nonprofit organization created by the laws of any foreign country or any state of the United States, or the law of the United States, that is tax exempt pursuant to Section 501(c)(3) and (4) of the Internal Revenue Code of 1986, as amended, or established in response to the U.…