(1) (a) A financial institution may, at its discretion, establish days and hours for its offices, provided that it shall post the days and hours of operation at or near the public entrances to its offices. (b) A financial institution may temporarily close any of its offices for reasons that include but are not limited […]
In addition to the general powers conferred upon domestic corporations or other organizational entities the structures of which are used by banks under the laws of the United States Virgin Islands, every bank, and, with respect to business done at any branches established in the United States Virgin Islands and without limitation or restriction upon […]
(a) Subject to such additional requirements as the Banking Board may impose, every bank or foreign bank shall maintain a legal reserve which shall not be less than 20 percent of its demand liabilities, excepting deposits of the United States Virgin Islands or Federal Government, secured by actual collateral. Said reserve shall be composed of […]
(a) No bank or foreign bank may make to any one person, firm, partnership or corporation, one or more loans or discounts totaling more than 15 percent of the paid-in capital, reserve, and undistributed profits of such bank or foreign bank, nor shall it accept the security of any one person, partnership or corporation in […]
It shall be unlawful for any director, officer, agent or employee of any bank or foreign bank to certify any check drawn upon said bank unless the person or company drawing the check has on deposit with the bank, at the time such check is certified, an amount not less than the amount specified in […]
Whoever, being a president, director, or cashier, or an officer, employee, or agent of any bank or foreign bank— (1) embezzles, abstracts, or wilfully misapplies, any of the moneys, funds, or credits of the bank or securities therein; or (2) without being duly authorized, issues or draws any certificate of deposit, order or bill of […]
(a) Whoever, being an officer, agent, collector, teller, or clerk of any bank or foreign bank doing business in the United States Virgin Islands, receives any deposit knowing that such bank or foreign bank is insolvent— (1) if the amount or value of such deposit is less than $25, shall be fined not more than […]
All transfers of notes, bonds, bills of exchange or credits of any bank or foreign bank or of deposits to the credit thereof, and all assignments of mortgages, security on real property, or of judgments or decrees in favor of such bank, and all deposits of money, gold and silver in bars, or other thing […]
Whoever knowingly, in his own name or in representation of a natural or artificial person, furnishes a bank or foreign bank any false information or financial statements, with the purpose of inducing the bank to grant credit, to give banking facilities, or make any business transactions with the natural or artificial person in relation to […]
Every bank or foreign bank shall keep an accounting system which shall reflect the financial condition of the bank or foreign bank, and its relations, operations and transactions with third persons whether natural or artificial, and with government organizations, and shall keep and maintain such books, records and documents which show such relations, operations and […]
Whoever, being an officer, a director, or an employee or agent of a bank or foreign bank, stipulates, receives, or acquiesces in or agrees to receive any fee, commission, gift or thing of value, from any person, firm or corporation, for obtaining, or trying to obtain, for such person, firm or corporation, or for any […]
Any person who knowingly and maliciously makes, circulates or transmits to another, or to others, any statement, rumor or suggestion, whether written, printed, or by word of mouth, which directly or by inference redounds to the discredit of the financial condition of any bank, foreign bank, or branch of a bank or foreign bank, doing […]
Every financial institution authorized to do business in the Territory shall cash any properly endorsed retirement check issued by the United States Virgin Islands Government Employees Retirement System and any social security check issued by the United States Government without regard to whether the payee has an established account with the institution at which the […]
