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§ 3. Knowledge and notice

(a) A person knows a fact if the person has actual knowledge of it. (b) A person has notice of a fact if the person: (1) knows of it; (2) has received a notification of it; or (3) has reason to know it exists from all of the facts known to the person at the […]

§ 4. Effect of partnership agreement; nonwaivable provisions

(a) Except as otherwise provided in subsection (b) of this section, relations among the partners and between the partners and the partnership are governed by the partnership agreement. To the extent the partnership agreement does not otherwise provide, this chapter governs relations among the partners and between the partners and the partnership. (b) The partnership […]

§ 5. Supplemental principles of law

(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter. (b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate is that specified in Title 11, section 951, Virgin Islands Code.

§ 6. Execution, filing, and recording of statements

(a) A statement may be filed in the office of the Lieutenant Governor. A certified copy of a statement that is filed in an office in another State may be filed in the office of the Lieutenant Governor. Either filing has the effect provided in this chapter with respect to partnership property located in or […]

§ 7. Law governing internal relations

(a) Except as otherwise provided in subsection (b) of this section and section 241 of this chapter, the law of the jurisdiction in which a partnership has its chief executive office governs relations among the partners and between the partners and the partnership. (b) The law of the Virgin Islands governs relations among the partners […]