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20 chapters · 557 sections in this title.
9 V.I.C. § 30 Organization
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(1) Any legal form or structure including that of a corporation, partnership, limited liability company, or other entity, may be used to create an entity for licensure as a bank, in accordance with this title, provided that such entity meets all requirements for capitalization, a…
9 V.I.C. § 31 Incorporation
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(a) Any five or more persons of sufficient legal capacity may organize a bank; but for said purpose they shall first apply for a permit from the Banking Board, and such application shall be accompanied by a fee as promulgated by the Banking Board. Said application shall set forth…
9 V.I.C. § 32 Certificate of incorporation; beginning of corporate existence
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Upon subscribing and swearing to the articles of incorporation, as provided in section 31 of this title, and upon submitting the two copies of the same to the Lieutenant Governor, together with the permit granted by the Banking Board authorizing the organization of the bank, and …
9 V.I.C. § 33 General meeting of stockholders; bylaws
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Before a bank shall begin to do business, the stockholders thereof shall hold a general meeting and adopt bylaws governing the corporation. A number of stockholders representing more than two-thirds of the paid-in capital shall be present at such meeting, and in order that any ac…
