reglab/housing_qa huggingface dataset:
V.I. Code tit. 13, § 497 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 3 - Nonprofit Corporations|§ 497. Dissolution; procedure

 (a) A majority of the members in good standing of any corporation organized under this chapter may at any time petition the Lieutenant Governor for a dissolution of the corporation. Such petition shall be accompanied by— (1) the affidavit of the secretary of the corporation stating the name of the corporation, the date of incorporation, the number of members in good standing and that said information is true and correct according to the records in his possession as of the date of petition for dissolution; (2) a financial statement of the corporation prepared by its treasurer as of the date of the petition for dissolution showing all assets and liabilities of the corporation; (3) if there are assets of the corporation, a certified copy of a resolution of the board of directors, managers or trustees showing that such assets have been transferred to a trustee for the benefit of creditors and members; and (4) a list of the names and addresses of all creditors of the corporation as of the date of the petition for dissolution, and a statement that all such creditors have been duly notified of the petition for dissolution. (b) Upon receipt of the petition for dissolution, the Lieutenant Governor shall publish notice of the petition for dissolution three times a week for two successive weeks in any newspaper of general circulation in the United States Virgin Islands, which notice shall state: the name of the corporation, the fact that it was organized under this chapter, that the corporation has petitioned for dissolution and the name and address of the trustee appointed for the benefit of the creditors and members, if a trustee was appointed. (c) Within six weeks from the date of the filing of the petition for dissolution with the Lieutenant Governor with all attachments as herein required, the Lieutenant Governor shall issue a certificate of dissolution formally dissolving the corporation. The certificate of dissolution, when issued, shall be published once a week for two successive weeks in the same newspaper. After the certificate of dissolution has been issued and published the corporation shall thereafter cease to exist for any purpose whatsoever, except as provided in section 498 of this title.
V.I. Code tit. 13, § 498 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 3 - Nonprofit Corporations|§ 498. Trustees, powers; continuance of corporate existence

 After the dissolution of the corporation as provided in section 497 of this title, the trustee, if one has been appointed, shall have all the rights, duties, powers and obligations of trustees as set forth in section 286 of this title, with respect to winding up the affairs of the corporation, and the dissolved corporation shall continue in existence for the same purposes as those set forth in section 286 of this title, and for no other purposes.
V.I. Code tit. 13, § 499 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 3 - Nonprofit Corporations|§ 499. Applicability of other laws

 Every corporation created under this chapter shall be deemed and held to be subject to the provisions of chapter 1 of this title and any other general statutes of the United States Virgin Islands relating to corporations to the extent the same are not inapplicable to such corporations or inconsistent with the express provisions of this chapter.
V.I. Code tit. 13, § 500 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 3 - Nonprofit Corporations|§ 500. Reservation of power to amend or repeal this chapter

 This chapter may be amended or repealed, at the pleasure of the Legislature, but such amendment or repeal shall not take away or repeal any remedy against any corporation established under this chapter, or its officers, for any liability which shall have been previously incurred.
V.I. Code tit. 13, § 501 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 3 - Nonprofit Corporations|§ 501. Applicability of chapter

 The provisions of this chapter shall apply to every corporation organized or to be organized for the purposes described in section 491 of this title.
V.I. Code tit. 13, § 502 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 3 - Nonprofit Corporations|§ 502. Qualification of certain nonprofit corporations

 No nonprofit organization created by the laws of any foreign country or any state of the United States, or the law of the United States, that is tax exempt pursuant to Section 501(c)(3) and (4) of the Internal Revenue Code of 1986, as amended, or established in response to the U.S. Federal Oil Pollution Act of 1990, to provide a national system of regional response centers to respond to major oil spills, shall do any business in the United States Virgin Islands through or by branch offices, agents or representatives located in the United States Virgin Islands until it shall have filed in the Office of the Lieutenant Governor a certified copy of its charter or certificate of incorporation, a certificate signed by its president or vice president and under its corporate seal, attested by its secretary or assistant secretary, stating the name of its authorized agent in the United States Virgin Islands upon whom service of legal process against it may be made. The provisions of subchapter XIV of Chapter 1 of this Title relating to capital stock shall not apply to any such corporation that does not have authority to issue stock under the laws of the jurisdiction of its creation.
V.I. Code tit. 13, § 530 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 5 - Corporation Franchise Tax|§ 530. Definitions

 (a) As used in this chapter: “V.I. foreign sales corporation” and “VIFSC” have the same meanings as those contained under chapter 12 of this title. (b) For the purposes of this chapter only, a foreign corporation shall be deemed to be doing business in the United States Virgin Islands if it maintains an office in the United States Virgin Islands.
V.I. Code tit. 13, § 532 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 5 - Corporation Franchise Tax|§ 532. Late payment of tax; penalties

 Every corporation failing to pay the annual franchise tax as prescribed by sections 531, 531a, 531b, and 531c of this title, shall, in addition to the tax, be liable for a penalty of 20 percent (20%) of the tax or $50, whichever is greater and interest at 1 percent compounded annually for each month or part thereof that the tax remains unpaid, payable to the Lieutenant Governor.
V.I. Code tit. 13, § 534 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 5 - Corporation Franchise Tax|§ 534. Failure to pay tax; enforcement

 The Commissioner of Finance may institute an action in the name of the government of the United States Virgin Islands to enforce the payment of any franchise tax under the provisions of sections 531, 531a, 531b, and 531c of this title, and any penalty and interest due under the provisions of section 532 of this title.
V.I. Code tit. 13, § 535 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 5 - Corporation Franchise Tax|§ 535. Applicability of chapter

 This chapter shall not apply to banks, foreign banks which have branches established in the United States Virgin Islands, and national banking associations, as those institutions are defined by section 1 of Title 9, and to domestic corporations organized for religious, fraternal, scientific, benevolent, social, charitable, or educational purposes, or to foreign corporations organized for like purposes, when not engaged in the United States Virgin Islands in the loaning of money or the conducting of any other business pursuits for profit.
V.I. Code tit. 13, § 551 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 551. Definitions: construction

 Unless the context otherwise requires, the definitions and general provisions set forth in this chapter govern the construction of this chapter.
V.I. Code tit. 13, § 552 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 552. Cooperative corporation

 A “cooperative corporation” means a corporation composed of ultimate producers or consumers, or both, organized for the purpose of conducting any lawful business primarily for the mutual benefit of its shareholders who may be natural or legal persons, and the earnings, savings or benefits of which are used for the general welfare of the shareholders or patrons or are distributed in the form of cash, stock, evidences of indebtedness, goods, or services, proportionately and equitably among the persons for which it does business upon the basis of the amount of their transactions or participation in production, or both. However, any such corporation may pay out of its net surplus earnings, savings or benefits, not to exceed 5 percent interest upon its capital stock.
V.I. Code tit. 13, § 553 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 553. Cooperative corporation: central organization

 “Cooperative corporation” includes any central organization composed wholly or in part of cooperative corporations.
V.I. Code tit. 13, § 554 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 554. Corporation synonyms

 “Corporation”, “company”, “association”, “exchange”, “society”, “league”, “union” and “credit union” are synonyms.
V.I. Code tit. 13, § 555 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 555. Share: shareholder

 “Share” means a share of stock or a membership share, and includes “membership”. “Shareholder” means either a holder of a share of stock or a member.
V.I. Code tit. 13, § 556 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 556. Application of general nonprofit corporation law

 The provisions of chapter 3 of Title 13 of this Code, relating to nonprofit corporations, apply to cooperative corporations formed under this chapter, except when such provisions are in conflict with those of this chapter. Corporations formed under this chapter have and enjoy all rights, powers, and privileges granted generally to corporations by the laws of the United States Virgin Islands except as may be inconsistent with the provisions of this chapter.
V.I. Code tit. 13, § 557 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 557. Bringing corporation under provisions of chapter; amendment of articles

 Any corporation organized under any other law of the United States Virgin Islands may bring itself under the provisions of this chapter by amending its articles of incorporation in the manner prescribed by the general corporation law to conform to the provisions of this chapter. Whenever any corporation has amended its articles of incorporation to conform to the provisions of this chapter, it shall be deemed to be then organized and existing under, and entitled to the benefit of, and subject to the provisions of this chapter for all purposes as fully as though originally organized under this chapter.
V.I. Code tit. 13, § 558 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 558. Formation; number of incorporators; purpose

 Five or more persons may form a cooperative corporation for any lawful purpose by filing articles of incorporation with the Director of the Consumer Services Administration.
V.I. Code tit. 13, § 559 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 559. Articles; required provisions

 The articles of incorporation shall contain: (a) The name of the corporation. (b) The purposes for which it is formed. (c) The island on which the principal office for the transaction of the business of the corporation is located. (d) The number of its directors, which shall be not less than 5 nor more than 25. (e) The names and post-office addresses of the directors, who shall serve until the first annual meeting. (f) The names and post-office addresses of the subscribers for shares and a statement of the number of shares which each agrees to take in the corporation.
V.I. Code tit. 13, § 560 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 560. Statement of shares and memberships

 The articles shall also state either or both of the following: (a) The total number of shares which the corporation is authorized to issue and (1) the aggregate par value, if any, of all shares, and the par value of each share, or (2) that all shares are to be without par value. (b) The number and kind of membership and the cost thereof.
V.I. Code tit. 13, § 561 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 561. Statement of number of shares permitted per shareholder and initial capital

 The articles shall also state any limitation on the number of shares permitted to be owned or held or voted by any one shareholder at any one time, and the amount of capital with which the corporation will begin business.
V.I. Code tit. 13, § 562 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 562. Classes of shares: statement of par value and preferences, privileges, and restrictions; authority of board to change

 If the corporation is authorized to issue more than one class of shares, the articles shall state the initial number of shares which the corporation is authorized to issue and the aggregate par value of all shares that are to have a par value, and (a) the number of shares of each class that are to have a par value, and the par value of each share of each such class, and (b) the number of shares of each class that are to be without par value, and the articles shall state the preferences, privileges, and restrictions granted to or imposed upon the respective classes of shares or the holder thereof. In lieu of a statement of the dividend rate, the conversion rights, voting rights, the redemption price, or the liquidation preferences of any class, the articles may authorize the board of directors, within the limits and restrictions stated therein, to fix the dividend rate, the conversion rights, voting rights, the redemption price, or the liquidation preferences of any wholly unissued class of shares, or all or any of them. Except as specified in the articles, no distinction shall exist between classes of shares or the holders thereof.
V.I. Code tit. 13, § 563 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 563. Voting rights in central organization

 The articles of incorporation of a central organization which has been formed or exists under the provisions of this chapter may provide that each cooperative corporation which is a shareholder thereof is entitled to cast one or more additional votes in the affairs of the central organization for any stipulated number of voting members in the cooperative corporation, or for any stipulated volume of business done by the cooperative corporation with the central organization, or for both.
V.I. Code tit. 13, § 564 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 564. Corporate name; inclusion of cooperative

 The names of all corporations formed under this chapter shall include “cooperative” or credit union“. No corporation shall be formed under this chapter unless there is affixed or prefixed to its name some word or abbreviation which will indicate that it is a corporation, as distinguished from a natural person, a firm or an incorporated association.
V.I. Code tit. 13, § 565 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 565. Bylaws; adoption and approval

 Before proceeding to do business the shareholders shall adopt bylaws not inconsistent with the provisions of this chapter which bylaws or any amendment thereto shall be approved by the Director of the Consumer Services Administration.
V.I. Code tit. 13, § 566 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 566. Permissible provisions

 The bylaws of a cooperative corporation may provide for: (a) The management of the property. (b) The regulation of the affairs. (c) Transfer of the shares. (d) The purchase of shares as authorized. (e) Calling of meetings of shareholders. (f) Election of directors. (g) The number of shareholders necessary to constitute a quorum. (h) The method of returning and distributing net savings or earnings. (i) Such other rules and regulations as the directors deem necessary for the proper management of the business of the corporation.
V.I. Code tit. 13, § 567 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 567. Purchase of shares

 The bylaws of a cooperative corporation may provide for the purchase of shares held by any shareholder who fails to patronize the corporation during the preceding corporate year to an amount prescribed in the bylaws.
V.I. Code tit. 13, § 568 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 568. Formation of districts; district meetings; election of delegates; vote of delegates

 A cooperative corporation covering more than one island or an area which in the opinion of the shareholders is too large for their convenient assembling may provide in its bylaws for the formation of districts and the holding of district meetings which may elect one or more delegates to represent their districts in annual and special meetings of the corporation, in a manner to be specified in the bylaws. The vote of such delegates shall be the vote of all the shareholders appearing upon the books of the corporation as residing in their respective districts, on all questions not covered by ballots submitted to all shareholders.
V.I. Code tit. 13, § 569 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 569. Management of corporation by board; election of directors; term of office; removal

 Every cooperative corporation shall be managed by a board of directors. The directors shall be elected by the shareholders at such time and for such terms not exceeding three years as the bylaws may prescribe, and shall hold office until their successors are elected and enter upon the discharge of their duties. A majority of all the shareholders, at any regular or special meeting duly called, may remove any director for cause, and fill the vacancy.
V.I. Code tit. 13, § 570 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 570. Officers; election by directors

 The officers of every cooperative corporation shall be a president, one or more vice presidents, who shall be directors, and a secretary and a treasurer, who need not be directors, all of whom shall be elected annually by the directors. One person may hold the office of secretary and treasurer. If the corporation employs a manager who is not a director, the directors may also elect him vice president.
V.I. Code tit. 13, § 571 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 571. Special meeting at request of shareholders

 Upon written request of at least 20 percent of the shareholders, the secretary shall call a special meeting of the shareholders for the purpose to which the request relates.
V.I. Code tit. 13, § 572 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 572. Quorum

 At any meeting of the shareholders, the presence in person of 250 holders of shares having voting rights, or such lesser number of such persons as shall equal 5 percent of all of the holders of such shares, constitutes a quorum for the transaction of business, unless the bylaws require a greater number or percentage.
V.I. Code tit. 13, § 573 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 573. Voting rights

 Any holder of shares having voting rights is entitled to cast one vote and no more, regardless of the number of shares or memberships held by him, except as provided in section 563 of this chapter.
V.I. Code tit. 13, § 574 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 574. Proxies

 There shall be no voting by proxy except as provided in section 568.
V.I. Code tit. 13, § 575 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 575. Voting by absent shareholders

 At any meeting of the shareholders the written vote of an absent shareholder, signed by him, shall be received and counted if (a) he has been previously notified, in writing of the exact motion, resolution upon which the vote is taken, and (b) a copy of the motion, resolution, or nomination has been forwarded with, and attached by him to, the written vote.
V.I. Code tit. 13, § 576 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 576. Referendum

 The secretary shall cause a referendum vote to be taken by mail upon any action or recommendation proposed in writing by 20 percent of the shareholders of the corporation.
V.I. Code tit. 13, § 577 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 577. Promotion expenses; limitation on payment

 None of the funds of any corporation organized under this chapter shall be used nor shall any shares of stock or memberships of such corporation be used in payment of any promotion of the corporation for commission, salaries, or expenses of any kind whatsoever, in excess of 10 percent of the paid-up capital stock. However, this section does not authorize any act prohibited by any provision of the corporation laws of the United States Virgin Islands placing restrictions upon the issue of stock, certificates of interest, or other securities, or upon the payment of promotion expenses or compensation for promotion.
V.I. Code tit. 13, § 578 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 7 - Cooperative Corporations|§ 578. Stock certificates; issuance when fully paid

 Certificates of stock shall not be issued to any subscriber until fully paid.