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20 chapters · 557 sections in this title.
9 V.I.C. § 81 Applicability of section
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Any two or more financial institutions or other entities organized under the laws of any Territory, or state of the United States, may merge or consolidate into one sole entity which may be any of the merged or consolidated financial institutions. Such merger or consolidation sha…
9 V.I.C. § 82 Agreement between directors
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Financial institutions or other entities intending to merge or consolidate may enter into an agreement for merger or consolidation of said, financial institutions, in which agreement they shall establish the terms and conditions of such merger or consolidation; the manner of carr…
9 V.I.C. § 83 Action by stockholders on such agreement
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The aforesaid agreement shall be submitted separately for consideration to the stockholders of each of the merging or consolidating financial institutions, at a meeting called for the purpose. A written notice shall be sent to the post-office address of each stockholder, not less…
9 V.I.C. § 84 Action by Banking Board; filing of approved agreement
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In making its determination, the Banking Board shall consider, among other factors, the public interest. If the board does not approve the merger or consolidation it shall, within ten (10) days of making such decision not to approve, serve notice of its determination on the appli…
