reglab/housing_qa huggingface dataset:
V.I. Code tit. 13, § 31 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter II - Powers|§ 31. General powers

 In addition to the powers enumerated in section 32 of this title, every corporation, its officers, directors, and stockholders, shall possess and exercise all the powers and privileges conferred by this chapter, and the powers expressly given in its articles so far as the same are necessary or convenient to the attainment of the objects set forth in such articles. Every corporation shall be governed by the provisions and be subject to the restrictions and liabilities contained in this chapter, so far as the same are appropriate to and not inconsistent with its charter or the act under which the corporation was formed. No corporation shall possess or exercise any other corporate powers, except such incidental powers as are necessary to the exercise of the power so given.
V.I. Code tit. 13, § 32 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter II - Powers|§ 32. Specific powers

 Every corporation created under the provisions of this chapter shall have power to— (1) have succession, by its corporate name, for the time stated in its articles of incorporation, and when no period is stated, it shall be perpetual; (2) sue and be sued by its corporate name the same as a natural person in any court having jurisdiction; (3) have a corporate seal, which may be altered at pleasure, and to use the same by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise; (4) hold, purchase, convey, sell and mortgage real and personal property subject to such limitations as shall be prescribed by law; including, with respect to the power to hold real and personal property, the power to take the same by devise or bequest; (5) appoint such officers, agents and servants as the business of the corporation requires and to define their powers, prescribe their duties and fix their compensation; (6) make bylaws not inconsistent with the laws of the United States Virgin Islands, fixing and altering the number of its directors for the management of its property, the regulation and government of its affairs and for the certification and transfer of its stock with penalties for the breach thereof of not more than $20; (7) wind up and dissolve itself, or to be wound up and dissolved in the manner provided for in this chapter; (8) conduct business within and without the United States Virgin Islands, and have one or more offices without the United States Virgin Islands, and hold, purchase, mortgage and convey real and personal property both within and without the United States Virgin Islands; (9) make donations for the public welfare or for charitable, scientific or educational purposes, but only out of surplus; and (10) indemnify any and all of its directors or officers or former directors or officers or any person who may have served at its request as a director or officer of another corporation of which it owns shares of capital stock or of which it is a creditor against expenses actually and necessarily incurred by them in connection with the defense of any action, suit or proceeding in which they, or any of them, are made parties, or a party, by reason of being or having been directors or officers or a director or officer of the corporation, or of such other corporation, except in relation to matters described in subparagraph (4)(A) or (B) of section 2(b) of this title or as to which any such director or officer or former director or officer or former director or officer or person shall be adjudged in such action, suit or proceeding to be liable for negligence or misconduct in the performance of duty. Such indemnification shall not be deemed exclusive of any other rights to which those indemnified may be entitled, under any bylaw, agreement, vote of stockholders, or otherwise.
V.I. Code tit. 13, § 33 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter II - Powers|§ 33. Powers with respect to securities of other corporations

 Any corporation organized under the laws of the United States Virgin Islands may, when the directors deem it reasonably necessary or convenient in connection with the conduct of the corporation's business, guarantee, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of, the shares of the capital stock of, or any bonds, securities or evidence of indebtedness created by, any other corporation of the United States Virgin Islands or any state, country, nation or government, and while owner of such stock may exercise all the rights, powers and privileges of ownership including the right to vote thereon.
V.I. Code tit. 13, § 34 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter II - Powers|§ 34. Banking powers reserved

 (a) No corporation created under the provisions of this chapter shall, by any implication or construction, be deemed to possess the power of issuing bills, notes, or other evidences of debt for circulation as money, or the power of carrying on the business of receiving deposits of money, or the business of buying gold and silver bullion or foreign coins. (b) Corporations created or to be created under the provisions of this chapter, or created under the provisions of any prior general corporation law of the United States Virgin Islands to buy, sell and otherwise deal in notes, open accounts and other similar evidences of debt as collateral security therefor, shall not be construed as engaging in the business of banking.
V.I. Code tit. 13, § 51 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter III - Principal Office and Resident Agent|§ 51. Principal office and resident agent in United States Virgin Islands

 Every corporation shall maintain a principal office or place of business in the United States Virgin Islands and shall have a resident agent in charge thereof, who may be an officer of the corporation, or an individual resident in, or a corporation located in the United States Virgin Islands on whom service of legal process against the corporation can be made.
V.I. Code tit. 13, § 52 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter III - Principal Office and Resident Agent|§ 52. Change of location of principal office; change of resident agent

 The board of directors of any corporation organized under the laws of the United States Virgin Islands may change the location of the principal office or place of business of the corporation within the United States Virgin Islands to any other place within the United States Virgin Islands by resolution adopted at a regular or special meeting of the board. By like resolution, the resident agent of a corporation may be changed to any other individual or corporation. In either such case, the resolution shall be as detailed in its statement as is provided in subsection (a)(5) of section 2 of this title. Upon the filing of two copies of such resolution in the office of the Lieutenant Governor, each signed by the president or vice-president and the secretary or an assistant secretary of the corporation and sealed with its corporate seal, the Lieutenant Governor shall certify one copy under his hand and seal of office and the certified copy shall be filed in the office of the clerk of the district court in the judicial division in which the articles of incorporation are filed. If the resolution changes the location of the principal office or place of business from one judicial division to the other judicial division, the clerk of the district court shall transfer to, file and index in his office in such other division all certificates and other papers relating to such corporation theretofore on file with him. For filing the certificate, the Lieutenant Governor shall charge the fee prescribed in section 431(a)(10) of this title.
V.I. Code tit. 13, § 53 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter III - Principal Office and Resident Agent|§ 53. Change of address of resident agent

 The location of the office of any resident agent of corporations in any town of the United States Virgin Islands may be transferred from one address to another in the same town, or in another town in the United States Virgin Islands, upon the making and executing by such resident agent of a certificate, duly acknowledged before an officer authorized to authenticate signatures, setting forth the names of all corporations represented by such agent, and the address at which such resident agent has maintained the principal office or place of business for each of such corporations, and further certifying to the new address to which such resident agency will be transferred on a given day, and at which new address such resident agent will thereafter maintain the principal office or place of business for each of the corporations recited in the certificate. Upon the filing of such certificate, in duplicate, with the Lieutenant Governor, the Lieutenant Governor shall certify one copy under his hand and seal of office, and the certified copy shall be filed in the office of the clerk of the district court in the judicial division in which the corporation maintains its principal office in the United States Virgin Islands, and thereafter or until further change of address, as authorized by law, the principal office in the United States Virgin Islands of each of the corporations recited in the certificate shall be located at the new address of the resident agent thereof as given in the certificate. The fees to be charged by the Lieutenant Governor for the filing of the certificate shall be those prescribed in section 431(a)(11) of this title.
V.I. Code tit. 13, § 54 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter III - Principal Office and Resident Agent|§ 54. Resignation of resident agent coupled with appointment of a successor

 The resident agent of one or more corporations, organized and operating under the laws of the United States Virgin Islands, may make and file with the Lieutenant Governor, his or its certificate, in duplicate, resigning the office of resident agent and appointing another individual or corporation as resident agent in his or its stead, and stating further the address of the substituted agent in accordance with the requirements of subsection (a)(5) of section 2 of this title. There shall be attached to each such certificate statements ratifying and approving such change of resident agent. Each such statement shall be executed in duplicate, shall be signed by the president or vice-president of each corporation for which such agent was appointed and sealed with the corporate seal thereof, and shall be duly acknowledged before an officer authorized to authenticate signatures. Upon the filing of such duplicate certificates and accompanying statements in the office of the Lieutenant Governor the substituted agent shall thereupon become the resident agent of such corporations as have ratified and approved such substitution as aforesaid; and the Lieutenant Governor shall then issue his certificate that the substituted resident agent has become the resident agent of the corporations so ratifying and approving such change of resident agent, and setting out the names of such corporations. The certificate of the Lieutenant Governor shall be filed in the office of the clerk of the district court in the judicial division in which the articles of incorporation are filed, and the clerk shall forthwith make a note of the change of resident agent in the index of the articles of incorporation of those corporations which have ratified and approved such change. For filing such certificates of change of resident agent the Lieutenant Governor shall charge the fees prescribed in section 431(a)(12) of this title.
V.I. Code tit. 13, § 55 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter III - Principal Office and Resident Agent|§ 55. Resignation of resident agent not coupled with appointment of successor

 (a) The resident agent of one or more corporations, organized and existing under the laws of the United States Virgin Islands, may make and file with the Lieutenant Governor his or its written resignation, in duplicate, of the office of resident agent without appointing any individual or corporation as resident agent in his or its stead; but such resignation shall not become effective until 30 days after the certificate is filed. There shall be attached to each copy of such written resignation, an affidavit of such resident agent, if an individual, or of the president or secretary thereof, if a corporation, that at least 30 days prior to the date of the filing of such resignation, due notice was sent by registered mail to the corporation for which such resident agent was acting, at the principal office thereof outside the United States Virgin Islands, if known to such resident agent, or, if not, to the last known address of the attorney or other individual at whose request such resident agent was appointed for such corporation, of the resignation of such resident agent. (b) For the filing of such written resignation the Lieutenant Governor shall charge the fee prescribed in section 431(a)(13) of this title, and upon the filing of such resignation with the Lieutenant Governor, the Lieutenant Governor shall notify the clerk of the district court of the resignation of its resident agent as set forth in such written resignation and the clerk of the district court shall forthwith make a note of the resignation of such resident agent in the index of the articles of incorporation of such corporation. (c) After receipt of the notice of the resignation of its resident agent, provided for in subsection (a) of this section, the corporation for which such resident agent was acting shall obtain and designate a new resident agent to take the place of the resident agent so resigning in the same manner as is provided in section 52 of this title for change of resident agent, and if such corporation fails to obtain and designate a new resident agent as aforesaid, prior to the expiration of the period of 30 days after the filing by the resident agent of the written resignation, such facts shall be duly certified by the Lieutenant Governor to the United States attorney for the Virgin Islands, and the United States attorney shall forthwith commence an action to avoid such corporation's charter in the district court and such court, upon competent proof of the state of facts and upon appropriate steps taken in such action, shall decree the charter of such corporation forfeited.
V.I. Code tit. 13, § 61 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 61. Board of directors; management

 The business of every corporation organized under this chapter shall be managed by a board of directors, except as hereinafter or in its articles of incorporation otherwise provided.
V.I. Code tit. 13, § 62 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 62. Number of directors

 (a) The number of directors that constitutes the whole of board is the number fixed from time to time by, or in the manner provided in the articles of incorporation, or pursuant to authority given in the articles of incorporation, or in the bylaws; but except as provided in subsection (b), the number of directors may not be less than three. (b) In the case of a corporation that has fewer than three shareholders, the number of directors may be equal to the number of shareholders.
V.I. Code tit. 13, § 63 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 63. Term of office; quorum

 The directors shall hold office until their successors are respectively elected and qualified, and a majority of them shall constitute a quorum for the transaction of business, unless the bylaws shall provide that a different number shall constitute a quorum, which in no case shall be less than one-third of the total number of directors nor less than two directors.
V.I. Code tit. 13, § 64 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 64. Filling vacancies

 Whenever any vacancies shall happen among the directors by death, resignation or otherwise, except by removal and the election of a successor, they shall be filled by appointment by a majority of the remaining members of the board of directors, though less than a quorum, for the unexpired term of such vacancies.
V.I. Code tit. 13, § 65 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 65. Committees; designation; composition; powers

 The board of directors may, by resolution passed by a majority of the whole board, designate one or more committees, each committee to consist of two or more of the directors of the corporation, which to the extent provided in the resolution or in the bylaws of the corporation, shall have and may exercise the powers of the board of directors in the management of the business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all papers which may require it. Such committee or committees shall have such name or names as may be stated in the bylaws of the corporation or as may be determined from time to time by resolution adopted by the board of directors.
V.I. Code tit. 13, § 66 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 66. Classes of directors

 The directors of any corporation organized under this chapter may, by the articles of incorporation or any amendment thereto, or by a vote of the stockholders, be divided into two or three classes: the term of office of those of the first class to expire at the annual meeting next ensuing; of the second class one year thereafter; of the third class two years thereafter, and at each annual election held after such classification and election, directors shall be chosen for a full term, as the case may be, to succeed those whose terms expire.
V.I. Code tit. 13, § 67 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 67. Effect of reliance upon books of account, etc.

 A director of any corporation organized under the provisions of this chapter, or a member of any committee designated by the board of directors pursuant to authority conferred by section 65 of this title, shall, in the performance of his duties, be fully protected in relying in good faith upon the books of account or reports made to the corporation by any of its officials, or by an independent certified public accountant, or by an appraiser selected with reasonable care by the board of directors or by any such committee, or in relying in good faith upon other records of the corporation.
V.I. Code tit. 13, § 67b (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 67b. Consent of directors in lieu of meeting

 Except as provided in Title 13, section 779(a) of this Code, unless otherwise restricted by the articles of incorporation or bylaws, any action required or permitted to be taken at any meeting of the board of directors, or of any committee thereof, may be taken without a meeting if all members of the board or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the board, or committee.
V.I. Code tit. 13, § 68 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 68. Place of board meetings

 If authorized by the articles of incorporation or the bylaws, meetings of the board of directors may be held outside the United States Virgin Islands.
V.I. Code tit. 13, § 69 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 69. Officers; selection, term, duties

 (a) Every corporation organized under this chapter shall have a president, secretary and treasurer, who shall be chosen by the directors. The president shall be chosen from among the directors. The secretary shall record all the proceedings of the meetings of the corporation and directors in a book to be kept for that purpose, and perform such other duties that shall be assigned to him. The treasurer may be required to give bond in such sum and with such surety or sureties as shall be provided by the bylaws for the faithful discharge of his duty. (b) The corporation may have such other officers and agents as are appropriate, who shall be chosen in such manner and hold their offices for such terms as are prescribed by the bylaws, or determined by the board of directors or other governing body, and may secure the fidelity of any or all of such officers by bond or otherwise. (c) Any two offices (but not more than two), other than the offices of president and secretary, may be held by the same person. (d) A failure to elect annually a president, secretary, treasurer or other officers shall not dissolve a corporation.
V.I. Code tit. 13, § 70 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 70. Filling vacancies

 Any vacancy occurring in any office of the corporation by death, resignation, removal or otherwise, shall be filled in the manner provided for in the bylaws. In the absence of such provision, the vacancy shall be filled by the board of directors or other governing body.
V.I. Code tit. 13, § 71 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 71. Loans to officers and directors; liability of officers

 No loans shall be made by a corporation to its officers or directors and no loans shall be made by a corporation secured by its shares, and if any such loan be made, the officer or officers who make it or assent thereto shall be jointly and severally liable until the repayment of the sum so loaned with interest. The provisions of this section shall not apply to corporations organized exclusively as savings and loan associations.
V.I. Code tit. 13, § 72 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 72. Liability for false statements as to condition of business

 If the directors or officers of any corporation organized under this chapter, shall knowingly cause to be published or give out any written statement or report of the condition or business of the corporation that is false in any material respect, the officers and directors causing such report or statement to be published, or given out, or assenting thereto, shall be jointly and severally liable for any loss or damage resulting therefrom.