Title 9 — Banking
20 chapters · 569 sections in this title.
9 V.I.C. § 101 Establishment in the United States Virgin Islands
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Filing of charter or articles of incorporation and statement Filing of charter or articles of incorporation and statement (a) Upon compliance with the provisions of this chapter, any banking corporation organized under the laws of any other territory or state or of any foreign co…
9 V.I.C. § 102 Investigation by Banking Board; permit required
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(a) No foreign bank may open any branch, or change the location of any branch, in the United States Virgin Islands without a permit so to do from the Banking Board. An application to the Banking Board for such permit shall state the benefit to the public expected to result from t…
9 V.I.C. § 103 Assets to be retained in United States Virgin Islands
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Every foreign bank which is engaged in banking operations in the United States Virgin Islands shall be under obligation to retain therein either as loans, bonds of the Government of the United States or of the Government of the United States Virgin Islands or obligations of the p…
9 V.I.C. § 104 Commencement of business
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(a) When the permit of the Banking Board is received by the foreign bank, as provided in section 102 of this title, it shall proceed to comply with all applicable provisions of law so as to place it in readiness to commence business upon issuance to it of the license provided by …
9 V.I.C. § 105 Applicability of chapter to foreign banks; penalties
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No foreign bank shall transact business in the United States Virgin Islands except upon compliance with the applicable provisions of this chapter. Violations of this chapter shall be punished by a fine of not to exceed $1,000 for each day that the violation continues. Any person …