§ 2004. Issuance of certificate of authority
Unless the Lieutenant Governor determines that an application for a certificate of authority fails to comply as to form with the filing requirements of this chapter, the office of the Lieutenant Governor, upon payment of all filing fees, shall file the application and send a receipt for it and the fees to the limited liability […]
§ 2005. Name of foreign limited liability company
(a) If the name of a foreign limited liability company does not satisfy the requirements of section 1106 of this chapter, the company, to obtain or maintain a certificate of authority to transact business in the Virgin Islands, must use a fictitious name to transact business in the Virgin Islands if its real name is […]
§ 2006. Revocation of certificate of authority
(a) A certificate of authority of a foreign limited liability company to transact business in the Virgin Islands may be revoked by the Lieutenant Governor in the manner provided in subsection (b) of this section if: (1) the company fails to: (i) pay any fees, taxes, and penalties owed to the Government of the Virgin […]
§ 1906. Effect of merger
(a) When a merger takes effect: (1) the separate existence of each limited liability company and other entity that is a party to the merger, other than the surviving entity, terminates; (2) all property owned by each of the limited liability companies and other entities that are party to the merger vests in the surviving […]
§ 1907. Subchapter not exclusive
This subchapter does not preclude an entity from being converted or merged under other law.
§ 2001. Law governing foreign limited liability companies
(a) The laws of the state or other jurisdiction under which a foreign limited liability company is organized govern its organization and internal affairs and the liability of its managers, members, and their transferees. (b) A foreign limited liability company may not be denied a certificate of authority by reason of any difference between the […]
§ 2002. Application for certificate of authority
(a) A foreign limited liability company may apply for a certificate of authority to transact business in the Virgin Islands by delivering an application to the office of the Lieutenant Governor for filing. The application must set forth: (1) the name of the foreign company or, if its name is unavailable for use in the […]
§ 2003. Activities not constituting doing business
(a) Activities of a foreign limited liability company that do not constitute transacting business in the Virgin Islands within the meaning of this subchapter include: (1) maintaining, defending, or settling an action or proceeding; (2) holding meetings of its members or managers or carrying on any other activity concerning its internal affairs; (3) maintaining bank […]
§ 1810. Procedure for and effect of administrative dissolution
(a) If the Lieutenant Governor determines that a ground exists for administratively dissolving a limited liability company, the Lieutenant Governor shall enter a record of the determination and serve the company with a copy of the record. (b) If the company does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of […]
§ 1811. Reinstatement following administrative dissolution
(a) A limited liability company administratively dissolved may apply to the office of the Lieutenant Governor for reinstatement within two years after the effective date of dissolution. The application must: (1) recite the name of the company and the effective date of its administrative dissolution; (2) state that the ground for dissolution either did not […]