0 chapters · 481 sections in this title.
15A V.I.C. § 6-221 Authority of Financial Institution [Repealed]
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15 V.I.C. § 6-221 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-222 Payment on Multiple-Party Account [Repealed]
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15 V.I.C. § 6-222 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-223 Payment on POD Designation [Repealed]
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15 V.I.C. § 6-223 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-224 Payment to Designated Agent [Repealed]
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15 V.I.C. § 6-224 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-225 Payment to Minor [Repealed]
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15 V.I.C. § 6-225 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-226 Discharge [Repealed]
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15 V.I.C. § 6-226 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-227 Set-off [Repealed]
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15 V.I.C. § 6-227 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-301 Definitions [Repealed]
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15 V.I.C. § 6-301 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-302 Registration in Beneficiary Form; Sole or Joint Tenancy Ownership [Repealed]
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15 V.I.C. § 6-302 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-303 Registration in Beneficiary Form; Applicable Law [Repealed]
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15 V.I.C. § 6-303 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-304 Origination of Registration in Beneficiary Form [Repealed]
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15 V.I.C. § 6-304 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-305 Form of Registration in Beneficiary Form [Repealed]
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15 V.I.C. § 6-305 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-306 Effect of Registration in Beneficiary Form [Repealed]
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15 V.I.C. § 6-306 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-307 Ownership on Death of Owner [Repealed]
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15 V.I.C. § 6-307 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-308 Protection of Registering Entity [Repealed]
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15 V.I.C. § 6-308 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-309 Nontestamentary Transfer on Death [Repealed]
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15 V.I.C. § 6-309 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-310 Terms, Conditions, and Forms for Registration [Repealed]
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15 V.I.C. § 6-310 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 6-311 Application of Part [Repealed]
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15 V.I.C. § 6-311 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
15A V.I.C. § 8-101 Short Title
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This article may be cited as the Virgin Islands Uniform Prudent Management of Institutional Funds Act.
15A V.I.C. § 8-102 Definitions
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(1) In this article(1) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the community.(2) “Endowment fund” m…
15A V.I.C. § 8-103 Standard of Conduct in Managing and Investing Institutional Fund
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(a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (b) In addition to complying with the duty o…
15A V.I.C. § 8-104 Appropriation for Expenditure or Accumulation of Endowment Fund; Rules of Construction
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(a) Subject to the intent of a donor expressed in the gift instrument and to subsection (d), an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which…
15A V.I.C. § 8-105 Delegation of Management and Investment Functions
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(a) Subject to any specific limitation set forth in a gift instrument or in other law, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An in…
15A V.I.C. § 8-106 Release or Modification of Restrictions on Management, Investment, or Purpose
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(a) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment, or purpose of an institutional fund. A release or modification may not allow a fund to be used for a purpo…
15A V.I.C. § 8-107 Reviewing Compliance
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Compliance with this article is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight.
15A V.I.C. § 8-108 Venue; Multiple Proceedings; Transfer
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(a) Where a proceeding under this title could be maintained in more than one place in the Virgin Islands, the Court in which the proceeding is first commenced has the exclusive right to proceed. (b) If proceedings concerning the same estate, protected person, ward, or trust are c…
15A V.I.C. § 8-109 Practice in Court
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Unless specifically provided to the contrary in this Code or unless inconsistent with its provisions, the rules of civil procedure including the rules concerning vacation of orders and appellate review govern formal proceedings under this Code.
15A V.I.C. § 8-110 Records and Certified Copies
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The Clerk of Court shall keep a record for each decedent, ward, protected person or trust involved in any document which may be filed with the Court under this Code, including petitions and applications, demands for notices or bonds, trust registrations, and of any orders or resp…
15A V.I.C. § 8-201 Application to Existing Institutional Funds
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This article applies to institutional funds existing on or established after the effective date of this article. As applied to institutional funds existing on the effective date of this article this article governs only decisions made or actions taken on or after that date.
15A V.I.C. § 8-202 Relation to Electronic Signatures in Global and National Commerce Act
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This article modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not modify, limit, or supersede Section 101 of that act, 15 U.S.C. Section 7001(a), or authorize electronic delivery of any of the…
15A V.I.C. § 8-203 Uniformity of Application and Construction
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(a) In applying and construing this article, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. (b) The Court has full power to make orders, judgments and decrees and take all other action necess…