reglab/housing_qa huggingface dataset:
V.I. Code tit. 13, § 73 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 73. Duty to maintain business and stock records

 Every corporation formed under this chapter shall maintain— (1) correct books of account of its business transactions; and (2) a stock ledger in the form prescribed in section 189 of this title, which ledger shall be kept in the principal office of the corporation in the United States Virgin Islands and which shall be open daily to any stockholder for inspection at reasonable times.
V.I. Code tit. 13, § 74 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter IV - Directors and Officers|§ 74. Liability for watered stocks and bonds and loans to stockholders

 If any stock or bonds of any corporation be fraudulently issued for property at more than the cash value, or if a reduction of capital be made in the guise of a loan to stockholders, the directors of the corporation shall be jointly and severally liable to the creditors of the corporation for any loss or damage arising therefrom.
V.I. Code tit. 13, § 91 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 91. Classes and series of stock; rights, etc.

 Every corporation may issue one or more classes of stock or one or more series of stock within any class thereof, any or all of which classes may be of stock with par value or stock without par value, with such voting powers, full or limited, or without voting powers and in such series and with such designations, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof, as shall be stated and expressed in the articles of incorporation or of any amendment thereto, or in the resolution or resolutions providing for the issue of such stock adopted by the board of directors pursuant to authority expressly vested in it by the provisions of the articles of incorporation or of any amendment thereto, which resolution or resolutions shall be preceded by a determination by the directors, and include a statement that the directors have determined, that the preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof stated and expressed therein are under the circumstances prevailing at the time of adopting such resolution or resolutions fair and equitable to all the existing stockholders. The power to increase or decrease or otherwise adjust the capital stock as provided in this chapter shall apply to all or any such classes of stock.
V.I. Code tit. 13, § 92 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 92. Redeemable stock

 Any preferred or special stock may be made subject to redemption at such time or times and at such price or prices and may be issued in such series, with such designations, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof as shall be stated and expressed in the articles of incorporation, or any amendment thereto, or in the resolution or resolutions providing for the issue of such stock adopted by the board of directors as provided in section 91 of this title.
V.I. Code tit. 13, § 93 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 93. Dividend rights of preferred and special stockholders

 The holders of preferred or special stock of any class or of any series thereof shall be entitled to receive dividends at such rates, on such conditions and at such times as shall be stated and expressed in the articles of incorporation, or in any amendment thereto, or in the resolution or resolutions providing for the issue of such stock adopted by the board of directors as provided in section 91 of this title, payable in preference to, or in such relation to, the dividends payable on any other class or classes of stock, and cumulative or non-cumulative as shall be so stated and expressed. When dividends upon the preferred and special stocks, if any, to the extent of the preference to which such stocks are entitled, shall have been paid or declared and set apart for payment, a dividend on the remaining class or classes of stock may then be paid out of the remaining assets of the corporation available for dividends as elsewhere in this chapter provided.
V.I. Code tit. 13, § 94 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 94. Rights on dissolution of preferred and special stockholders

 The holders of the preferred or special stock of any class or of any series thereof shall be entitled to such rights upon the dissolution of, or upon any distribution of the assets of, the corporation as shall be stated and expressed in the articles of incorporation, or any amendment thereto, or in the resolution or resolutions providing for the issue of such stock adopted by the board of directors as provided in section 91 of this title.
V.I. Code tit. 13, § 95 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 95. Convertible stock

 Any preferred or special stock of any class or of any series thereof may be made convertible into, or exchangeable for, shares of any other class or classes or of any other series of the same or any other class or classes of stock of the corporation at such price or prices or at such rates of exchange and with such adjustments as shall be stated and expressed or provided for in the articles of incorporation, or in any amendment thereto, or in the resolution or resolutions providing for the issue of such stock adopted by the board of directors as provided in section 91 of this title.
V.I. Code tit. 13, § 96 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 96. Statement of special rights, restrictions, etc., on stock certificate

 If any corporation shall be authorized to issue more than one class of stock or more than one series of any class, the designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificate or certificates which the corporation shall issue to represent such class or series of stock.
V.I. Code tit. 13, § 97 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 97. Issuance of shares with rights, restrictions, etc., not set forth in the articles of incorporation

 Before any corporation shall issue any shares of stock of any class or of any series of any class of which the voting powers, designations, preferences and relative, participating, optional or other rights, if any, or the qualifications, limitations or restrictions thereof, if any, shall not have been set forth in the articles of incorporation or in any amendment thereto but shall be provided for in a resolution or resolutions adopted by the board of directors pursuant to authority expressly vested in it by the provisions of the articles of incorporation or an amendment thereto, a certificate setting forth a copy of such resolution or resolutions and the number of shares of stock of such class or series shall be made under the seal of the corporation and signed by the president or a vice-president and by the secretary or an assistant secretary of the corporation and acknowledged by such president or vice-president before an officer authorized by the laws of the United States Virgin Islands to take acknowledgments and shall be filed and indexed in the same manner as articles of incorporation are required to be filed and indexed by the provisions of section 3 of this title. Unless otherwise provided in any such resolution or resolutions, the number of shares of stock of any such class or series so set forth in such resolution or resolutions may be increased or decreased (but not below the number of shares thereof then outstanding) by a certificate likewise made, signed, filed and indexed setting forth a statement that a specified increase or decrease therein had been authorized and directed by a resolution or resolutions likewise adopted by the board of directors. In case the number of such shares shall be so decreased, the number of shares so specified in the certificate shall resume the status which they had prior to the adoption of the first resolution or resolutions.
V.I. Code tit. 13, § 98 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 98. Issuance of stock; payment

 Subject to such additional limitations as may be provided in the articles of incorporation subscriptions to, or the purchase price of, the capital stock of any corporation organized under this chapter may be paid for, wholly or partly, by cash, by services actually rendered, or by property; and the stock so issued shall be declared and taken to be fully paid stock and not liable to any further call, nor shall the holder thereof be liable for any further payments under the provisions of this chapter. In the absence of actual fraud in the transaction, the judgment of the directors, as to the value of such services actually rendered or of such property, shall be conclusive.
V.I. Code tit. 13, § 99 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 99. No par stock; issuance; price

 (a) Shares of capital stock without par value, whether common or preferred or special, may be issued by the corporation from time to time for such purchase price as fixed from time to time by the board of directors thereof, unless in the articles of incorporation the power to fix such purchase price shall have been reserved to the stockholders, in which event such power shall be exercised by the stockholders by consent in writing or by vote of the holders of record of two-thirds of the total number of shares of each class of stock then outstanding and entitled to vote in respect thereto, said vote being given at a meeting called for the purpose in such manner as shall be prescribed by the bylaws. If any shares of stock of the corporation without par value shall have been subscribed or issued any resolution of the directors or of the stockholders fixing the purchase price for issue of shares of stock without par value shall be preceded by a determination by the directors and shall include a statement that the directors or the stockholders as the case may be have determined that such purchase price under the circumstances prevailing at the time of adopting such resolution is fair and equitable to all the existing stockholders. Although such power has been reserved to the stockholders, the directors may nevertheless fix such purchase price for the first issue of stock, and such issue shall not exceed 10 percent of the whole amount of such stock authorized by the articles of incorporation. (b) Any and all shares without par value so issued for which the purchase price so fixed has been paid or delivered shall be deemed fully paid stock and shall not be liable to any further call or assessments thereon, and the holders of such shares shall not be liable for any further payments in respect of such shares under the provision of this chapter.
V.I. Code tit. 13, § 100 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 100. Determination of the amount of capital

 The capital of any corporation having capital stock shall be an amount at least equal to the sum of the aggregate par value of all issued shares having par value, plus the aggregate amount of the purchase price received by the corporation for the issue of shares without par value, plus such amounts as, from time to time, by resolution of the board of directors, may be transferred thereto. The excess, if any, at any given time of the total net assets of the corporation over the amount so determined to be capital shall be surplus.
V.I. Code tit. 13, § 101 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 101. Statements of amount of par value and of authorized or issued shares

 In any case in which the law requires that the par value of the shares of the capital stock of a corporation be stated in any certificate or paper, it shall be stated in respect of any shares without par value that such shares are without par value and wherever the amount of the authorized or issued capital stock of the corporation is required to be stated and the corporation shall have any shares without par value, it shall be sufficient to state the total number of shares authorized or issued, as the case may be, the number and par value of shares having a par value and the number of shares without par value.
V.I. Code tit. 13, § 102 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 102. Partly paid shares

 Any corporation may issue the whole or any part of its shares as partly paid and subject to call for the remainder of the purchase price to be paid therefor. Upon the face or back of the certificates issued to represent any such partly paid shares the total amount of the purchase price to be paid therefor and the amount paid thereon shall be specified. The corporation may declare and pay dividends upon any such shares upon the basis of the percentage of the purchase price actually paid thereon.
V.I. Code tit. 13, § 103 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 103. Rights and options respecting stock

 Subject to any provisions in respect thereof set forth in the articles of incorporation every corporation may create and issue, whether or not in connection with the issue and sale of any shares of stock or other securities of the corporation, rights or options entitling the holders thereof to purchase from the corporation any shares of its capital stock of any class or classes, such rights or options to be evidenced by or in such instrument or instruments as shall be approved by the board of directors. The terms upon which, the time or times, which may be not more than fifteen years in duration, at or within which, and the price or prices at which any such shares may be purchased from the corporation upon the exercise of any such rights or options shall be such as shall be fixed and stated in the articles of incorporation or in any amendment thereto, or in a resolution or resolutions adopted by the board of directors providing for the creation and issue of such rights or options, and, in every case, set forth or incorporated by reference in the instrument or instruments evidencing such rights or options. Options to convert shares of stock of the corporation into its shares of another class or to convert bonds or notes of the corporation into shares of its stock may be unlimited in duration. No resolution of the directors providing for creation or issue of such rights or options under this section shall be valid unless a certified copy thereof shall be filed in the office of the Lieutenant Governor and in the office of the clerk of the district court in the judicial division in which the articles of incorporation are filed within fifteen days after the adoption thereof. Any such resolution shall be preceded by a determination by the directors and shall include a statement that the directors have determined that the terms of such rights or options under the circumstances prevailing at the time of adopting such resolution are fair and equitable to all the existing stockholders. In case the shares of stock of the corporation to be issued upon the exercise of such rights or option shall be shares having par value, the price or prices so to be received therefor shall not be less than the par value thereof. In case the shares of stock so to be issued shall be shares of stock without par value the price or prices therefor shall be determined in the manner provided in section 99 of this title for the fixing of the purchase price for the issue of such stock. No corporation shall create or issue rights or options under this section which shall entitle the holders thereof to purchase in the aggregate from the corporation shares of stock which upon issue thereof would constitute more than forty percent of the then authorized capital stock of the corporation.
V.I. Code tit. 13, § 104 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 104. Certificates stock

 Every holder of stock in a corporation shall be entitled to have a certificate or certificates, provided that the board of directors of the corporation may provide by resolution or resolutions that some or all of any or all classes or series of its stock shall be uncertificated shares. Notwithstanding the adoption of any such resolution, shares represented by a certificate shall not become uncertificated shares until such certificate is surrendered to the corporation. Every holder of stock in a corporation shall be entitled to have a certificate signed in the name of the corporation by the president or a vicepresident and the treasurer or an assistant treasurer, or the secretary or an assistant secretary of such corporation, representing the number of shares owned by him in such corporation. Subject to applicable provisions of the Uniform Commercial Code-Investment Securities, such entitlement shall apply equally to a holder of uncertificated shares, notwithstanding the adoption of a resolution by the board of directors providing for the issuance of uncertificated shares, who makes written request of the corporation. Where any such certificate is signed (1) by a transfer agent or an assistant transfer agent or (2) by a transfer clerk acting on behalf of such corporation and a registrar, the signature of any such president, vice-president, treasurer, assistant treasurer, secretary or assistant secretary may be facsimile. In case any officer or officers who have signed, or whose facsimile signature or signatures have been used on any such certificate or certificates shall cease to be such officer or officers of such corporation, whether because of death, resignation or otherwise, before such certificate or certificates have been delivered by such corporation, such certificate or certificates may nevertheless be adopted by such corporation and be issued and delivered as though the person or persons who signed such certificate or certificates or whose facsimile signature or signatures have been used thereon had not ceased to be such officer or officers of such corporation.
V.I. Code tit. 13, § 106 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 106. Corporation's powers respecting ownership, etc., of its own stock

 Every corporation organized under this chapter may purchase, hold, sell and transfer shares of its own capital stock; but no such corporation shall use its funds or property for the purchase of its own shares of capital stock when such use would cause any impairment of the capital of the corporation. Shares of its own capital stock belonging to the corporation shall not be voted upon directly or indirectly. Nothing in this section shall be construed as limiting the exercise of the rights given by section 223 of this title.
V.I. Code tit. 13, § 107 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 107. Liability of stockholder for stock not paid in full

 (a) When the whole of the price payable for shares of a corporation has not been paid in, and the assets shall be insufficient to satisfy the claims of its creditors, each holder of such shares shall be bound to pay on each share held by him the sum necessary to complete the amount of the par value of such share as fixed by the articles of incorporation, or such proportion of that sum as shall be required to satisfy the debts of the corporation, or, in the case of stock without par value, this liability shall be limited to the unpaid balance of the price for which such shares were issued by the corporation. (b) The amounts which shall be payable as provided in subsection (a) of this section may be recovered on behalf of creditors in an action to which the corporation is a party, for the benefit of all the creditors of the corporation brought by a receiver, trustee in bankruptcy, or other competent representative of all creditors. (c) Anything in this chapter to the contrary notwithstanding, a holder of shares who has acquired such shares in good faith without knowledge that they were not paid in full or to the extent stated in the certificate for such shares shall not be liable either to the corporation or to its creditors for any amount beyond that shown by such certificate to be unpaid on the shares represented thereby. Any holder who derives his title through such a holder and who is not himself a party to any fraud affecting the issuance of such shares shall have all the rights of such former holder.
V.I. Code tit. 13, § 108 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 108. Increase of and subscriptions to capital stock

 At any time after a corporation is authorized to commence business, the directors may, if its whole capital stock has not been subscribed, and subject to any limitations provided in its articles of incorporation increase its capital stock up to the amount authorized in its articles of incorporation, and open books for or take additional subscriptions thereto.
V.I. Code tit. 13, § 109 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 1 - General Corporation Law|Subchapter V - Stock and Dividends|§ 109. Limitation on preemptive rights

 Unless otherwise provided in the articles of incorporation, shares or other securities offered for sale shall not be subject to preemptive rights if they— (1) are issued or optioned by the board of directors to effect a merger or consolidation or for a value other than cash; (2) are issued to satisfy conversion or option rights theretofore granted by the corporation; (3) are shares or other securities theretofore reacquired by the corporation after having been duly issued; (4) are part of the shares or other securities of the corporation authorized in its original articles of incorporation and are issued, sold or optioned within two years from the date of filing such articles; or (5) are issued pursuant to a plan of reorganization approved under and in accordance with the provisions of the Act of Congress of July first, eighteen hundred ninety-eight, entitled “An act to establish a uniform system of bankruptcy throughout the United States,” and acts amendatory thereof.