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Home » US Law » 2019 US Virgin Islands Code » Title 9 - Banking » Chapter 13 - Receivership and Liquidation

§ 151. Receivership of bank or foreign bank

(a) If, in consequence of an examination or report made by an examiner, or otherwise, the Banking Board should have reason to believe that a bank or foreign bank is not in sound financial condition to continue doing business, or that its affairs are being conducted in such a manner that the public or the […]

§ 153. Dissolution and liquidation

Causes for dissolution (a) Banks shall be dissolved because of the expiration of the term fixed for their duration, or because one-third or more of the capital of the corporation has been lost, or by resolution of the holders of two-thirds of the capital stock, adopted at a meeting specially called for that purpose as […]