reglab/housing_qa huggingface dataset:
V.I. Code tit. 28, § 663 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 663. Public sale of abandoned property

 (a) Except as otherwise provided in this section, the administrator, within three years after the receipt of abandoned property, shall sell it to the highest bidder at public sale at a location in the Virgin Islands which in the judgment of the administrator affords the most favorable market for the property. The administrator may decline the highest bid and reoffer the property for sale if the administrator considers the bid to be insufficient. The administrator need not offer the property for sale if the administrator considers that the probable cost of sale will exceed the proceeds of the sale. A sale held under this section must be preceded by a single publication of notice, at least three weeks before sale, in a newspaper of general circulation in the Virgin Islands. (b) Securities listed on an established stock exchange must be sold at prices prevailing on the exchange at the time of sale. Other securities may be sold over the counter at prices prevailing at the time of sale or by any reasonable method selected by the administrator. If securities are sold by the administrator before the expiration of three years after their delivery to the administrator, a person making a claim under this chapter before the end of the three-year period is entitled to the proceeds of the sale of the securities or the market value of the securities at the time the claim is made, whichever is greater, plus dividends, interest, and other increments thereon up to the time the claim is made, less any deduction for expenses of sale. A person making a claim under this chapter after the expiration of the three-year period is entitled to receive the securities delivered to the administrator by the holder, if they still remain in the custody of the administrator, or the net proceeds received from sale, and is not entitled to receive any appreciation in the value of the property occurring after delivery to the administrator, except in a case of intentional misconduct or malfeasance by the administrator. (c) A purchaser of property at a sale conducted by the administrator pursuant to this chapter takes the property free of all claims of the owner or previous holder and of all persons claiming through or under them. The administrator shall execute all documents necessary to complete the transfer of ownership.
V.I. Code tit. 28, § 664 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 664. Deposit of funds

 (a) Except as otherwise provided by this section, the administrator shall promptly deposit in the General Fund of the Treasury of the Virgin Islands of the [sic] all funds received under this chapter, including the proceeds from the sale of abandoned property under section 663. The administrator shall retain in a separate trust fund at least $100,000 from which the administrator shall pay allowed claims. The administrator shall record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary and with respect to each policy or annuity listed in the report of an insurance company, its number, the name of the company, and the amount due. (b) Before making a deposit to the credit of the General Fund of the Treasury of the Virgin Islands, the administrator may deduct: (1) expenses of sale of abandoned property; (2) costs of mailing and publication in connection with abandoned property; (3) reasonable service charges; and (4) expenses incurred in examining records of holders of property and in collecting the property from those holders.
V.I. Code tit. 28, § 665 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 665. Claim of another State to recover property

 (a) After property has been paid or delivered to the administrator under this chapter, another State may recover the property if: (1) the property was paid or delivered to the custody of the Virgin Islands because the records of the holder did not reflect a last known location of the apparent owner within the borders of the other State and the other State establishes that the apparent owner or other person entitled to the property was last known to be located within the borders of that State and under the laws of that State the property has escheated or become subject to a claim of abandonment by that State; (2) the property was paid or delivered to the custody of the Virgin Islands because the laws of the other State did not provide for the escheat or custodial taking of the property, and under the laws of that State subsequently enacted the property has escheated or become subject to a claim of abandonment by that State; (3) the records of the holder were erroneous in that they did not accurately identify the owner of the property and the last known location of the owner within the borders of another State and under the laws of that State the property has escheated or become subject to a claim of abandonment by that State; (4) the property was subjected to custody by the Virgin Islands under section 655(6) and under the laws of the State of domicile of the holder the property has escheated or become subject to a claim of abandonment by that State; or (5) the property is a sum payable on a traveler's check, money order, or similar instrument that was purchased in the other State and delivered into the custody of the Virgin Islands under section 655(7), and under the laws of the other State the property has escheated or become subject to a claim of abandonment by that State. (b) A claim of another State to recover escheated or abandoned property must be presented in a form prescribed by the administrator, who shall decide the claim within 90 days after it is presented. The administrator shall allow the claim upon determining that the other State is entitled to the abandoned property under subsection (a). (c) The administrator shall require another State, before recovering property under this section, to agree to indemnify the Virgin Islands and its officers and employees against any liability on a claim to the property.
V.I. Code tit. 28, § 666 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 666. Filing claim with administrator; handling of claims by administrator

 (a) A person, excluding another State, claiming property paid or delivered to the administrator may file a claim on a form prescribed by the administrator and verified by the claimant. (b) Within 90 days after a claim is filed, the administrator shall allow or deny the claim and give written notice of the decision to the claimant. If the claim is denied, the administrator shall inform the claimant of the reasons for the denial and specify what additional evidence is required before the claim will be allowed. The claimant may then file a new claim with the administrator or maintain an action under section 667. (c) Within 30 days after a claim is allowed, the property or the net proceeds of a sale of the property must be delivered or paid by the administrator to the claimant, together with any dividend, interest, or other increment to which the claimant is entitled under sections 662 and 663. (d) A holder who pays the owner for property that has been delivered to the State and which, if claimed from the administrator by the owner would be subject to an increment under sections 662 and 663, may recover from the administrator the amount of the increment.
V.I. Code tit. 28, § 667 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 667. Action to establish claim

 A person aggrieved by a decision of the administrator or whose claim has not been acted upon within 90 days after its filing may maintain an original action to establish the claim in the Superior Court of the Virgin Islands, naming the administrator as a defendant. If the aggrieved person establishes the claim in an action against the administrator, the court may award the claimant reasonable attorney's fees.
V.I. Code tit. 28, § 668 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 668. Election to take payment or delivery

 (a) The administrator may decline to receive property reported under this chapter which the administrator considers to have a value less than the expenses of notice and sale. (b) A holder, with the written consent of the administrator and upon conditions and terms prescribed by the administrator, may report and deliver property before the property is presumed abandoned. Property so delivered must be held by the administrator and is not presumed abandoned until it otherwise would be presumed abandoned under this chapter.
V.I. Code tit. 28, § 669 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 669. Destruction or disposition of property having no substantial commercial value; immunity from liability

 If the administrator determines after investigation that property delivered under this chapter has no substantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the Virgin Islands or any officer or against the holder for or on account of an act of the administrator under this section, except for intentional misconduct or malfeasance.
V.I. Code tit. 28, § 670 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 670. Periods of limitation

 (a) The expiration, before or after the effective date of this chapter, of a period of limitation on the owner's right to receive or recover property, whether specified by contract, statute, or court order, does not preclude the property from being presumed abandoned or affect a duty to file a report or to pay or deliver or transfer property to the administrator as required by this chapter. (b) An action or proceeding may not be maintained by the administrator to enforce this chapter in regard to the reporting, delivery, or payment of property more than 10 years after the holder specifically identified the property in a report filed with the administrator or gave express notice to the administrator of a dispute regarding the property. In the absence of such a report or other express notice, the period of limitation is tolled. The period of limitation is also tolled by the filing of a report that is fraudulent.
V.I. Code tit. 28, § 672 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 672. Retention of records

 (a) Except as otherwise provided in subsection (b), a holder required to file a report under section 658 shall maintain the records containing the information required to be included in the report for 10 years after the holder files the report, unless a shorter period is provided by rule of the administrator. (b) A business association or financial organization that sells, issues, or provides to others for sale or issue in the Virgin Islands, traveler's checks, money orders, or similar instruments other than third-party bank checks, on which the business association or financial organization is directly liable, shall maintain a record of the instruments while they remain outstanding, indicating the State and date of issue, for three years after the holder files the report.
V.I. Code tit. 28, § 673 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 673. Enforcement

 The administrator may maintain an action in the Virgin Islands or another State to enforce this chapter. The court may award reasonable attorney's fees to the prevailing party.
V.I. Code tit. 28, § 674 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 674. Interstate agreements and cooperation; joint and reciprocal actions with other States

 (a) The administrator may enter into an agreement with another State to exchange information relating to abandoned property or its possible existence. The agreement may permit the other State, or another person acting on behalf of a State, to examine records as authorized in section 671. The administrator by rule may require the reporting of information needed to enable compliance with an agreement made under this section and prescribe the form. (b) The administrator may join with another State to seek enforcement of this chapter against any person who is or may be holding property reportable under this chapter. (c) At the request of another State, the Attorney General of the Virgin Islands may maintain an action on behalf of the other State to enforce, in this territory, the unclaimed property laws of the other State against a holder of property subject to escheat or a claim of abandonment by the other State, if the other State has agreed to pay expenses incurred by the Attorney General in maintaining the action. (d) The administrator may request that the Attorney General of another State or another attorney commence an action in the other State on behalf of the administrator. With the approval of the Attorney General of the Virgin Islands, the administrator may retain any other attorney to commence an action in the Virgin Islands on behalf of the administrator. The Virgin Islands shall pay all expenses, including attorney's fees, in maintaining an action under this subsection. With the administrator's approval, the expenses and attorney's fees may be paid from money received under this Act. The administrator may agree to pay expenses and attorney's fees based in whole or in part on a percentage of the value of any property recovered in the action. Any expenses or attorney's fees paid under this subsection may not be deducted from the amount that is subject to the claim by the owner under this chapter.
V.I. Code tit. 28, § 675 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 675. Interest and penalties

 (a) A holder who fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the administrator interest at the annual rate of nine percent on the property or value thereof from the date the property should have been reported, paid or delivered. (b) Except as otherwise provided in subsection (c), a holder who fails to report, pay, or deliver property within the time prescribed by this chapter, or fails to perform other duties imposed by this chapter shall pay to the administrator, in addition to interest as provided in subsection (a), a civil penalty of $200 for each day the report, payment, or delivery is withheld, or the duty is not performed, up to a maximum of $5,000. (c) A holder who willfully fails to report, pay, or deliver property within the time prescribed by this chapter, or willfully fails to perform other duties imposed by this chapter, shall pay to the administrator, in addition to interest as provided in subsection (a), a civil penalty of $1,000 for each day the report, payment, or delivery is withheld, or the duty is not performed, up to a maximum of $25,000, plus 25 percent of the value of any property that should have been but was not reported. (d) A holder who makes a fraudulent report shall pay to the administrator, in addition to interest as provided in subsection (a), a civil penalty of $1,000 for each day from the date a report under this chapter was due, up to a maximum of $25,000, plus 25 percent of the value of any property that should have been but was not reported. (e) The administrator for good cause may waive, in whole or in part, interest under subsection (a) and penalties under subsections (b) and (c), and shall waive penalties if the holder acted in good faith and without negligence.
V.I. Code tit. 28, § 676 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 676. Agreement to locate property

 (a) An agreement by an owner, the primary purpose of which is to locate, deliver, recover, or assist in the recovery of property that is presumed abandoned is void and unenforceable if it was entered into during the period commencing on the date the property was presumed abandoned and extending to a time that is 24 months after the date the property is paid or delivered to the administrator. This subsection does not apply to an owner's agreement with an attorney to file a claim as to identified property or contest the administrator's denial of a claim. (b) An agreement by an owner, the primary purpose of which is to locate, deliver, recover, or assist in the recovery of property is enforceable only if the agreement is in writing, clearly sets forth the nature of the property and the services to be rendered, is signed by the apparent owner, and states the value of the property before and after the fee or other compensation has been deducted. (c) If an agreement covered by this section applies to mineral proceeds and the agreement contains a provision to pay compensation that includes a portion of the underlying minerals or any mineral proceeds not then presumed abandoned, the provision is void and unenforceable. (d) An agreement covered by this section which provides for compensation that is unconscionable is unenforceable except by the owner. An owner who has agreed to pay compensation that is unconscionable, or the administrator on behalf of the owner, may maintain an action to reduce the compensation to a conscionable amount. The court may award reasonable attorney's fees to an owner who prevails in the action. (e) This section does not preclude an owner from asserting that an agreement covered by this section is invalid on grounds other than unconscionable compensation.
V.I. Code tit. 28, § 677 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 677. Foreign transactions

 This chapter does not apply to property held, due, and owing in a foreign country and arising out of a foreign transaction.
V.I. Code tit. 28, § 678 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 678. Transitional provisions

 (a) An initial report filed under this chapter for property that was not required to be reported before the effective date of this chapter but which is subject to this chapter must include all items of property that would have been presumed abandoned during the 10-year period next preceding the effective date of this chapter as if this chapter had been in effect during that period. (b) This chapter does not relieve a holder of a duty that arose before the effective date of this chapter to report, pay, or deliver property. Except as otherwise provided in section 670(b), a holder who did not comply with the law in effect before the effective date of this chapter is subject to the applicable provisions for enforcement and penalties which then existed, which are continued in effect for the purpose of this section.
V.I. Code tit. 28, § 679 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 679. Rules

 The administrator may adopt rules necessary to carry out this chapter.
V.I. Code tit. 28, § 680 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 680. Uniformity of application and construction

 This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among States enacting it.
V.I. Code tit. 28, § 681 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 29 - Uniform Unclaimed Property Act|§ 681. Severability clause

 If any provision of this chapter or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.
V.I. Code tit. 28, § 902 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 33 - Condominium Act|§ 902. Horizontal property regimes

 Whenever the sole owner or sole lessee or all of the owners or all of the lessees of a property expressly declare, through the execution and recordation of a master deed or lease, together with a declaration, which declaration shall set forth the particulars enumerated by section 910 of this title, his or their desire to submit the property to the regime established by this chapter, there shall thereby be established a horizontal property regime with respect to the property, and this chapter shall be applicable to the property. In the event that the master deed or lease is already recorded, the recordation of the declaration shall be deemed sufficient to achieve the same result.
V.I. Code tit. 28, § 903 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 33 - Condominium Act|§ 903. Apartments as real property; incidents of ownership

 Once property is submitted to the provisions of this chapter: (a) Each apartment, together with its undivided interest in the common area and facilities, shall for all purpose, including the provisions of subtitle 2 of Title 33, constitute real property and may be separately conveyed, encumbered, leased or otherwise disposed of and may be inherited or devised by will, entirely irrespective of the building of which it forms part, and the separate title to each such apartment shall be recordable in the district in which the same is located. (b) Each apartment owner shall be entitled to the exclusive ownership and possession of his apartment. (c) Each apartment may be held and owned by more than one person as joint tenants, as tenants in common, as tenants by the entireties (in the case of husband and wife) or in any other real property relationship recognized by the laws of the Virgin Islands.
V.I. Code tit. 28, § 904 (2019)
2019 US Virgin Islands Code|Title 28 - Property|Chapter 33 - Condominium Act|§ 904. Effect of conveyance or encumbrance and subrogation of rights; apartment planned but not completed; apartment under construction

 (a) In cases of the conveyance or encumbrance of an apartment which has been planned but whose construction has not yet begun, the share of the grantor or the encumbrancer, as the case may be, in the common elements of the proposed building and his right to have the apartment constructed for him shall be deemed acquired by the new owner, or encumbered, and the new owner or person to whom the encumbrance is made shall be deemed subrogated to the rights and interest of the grantor or encumbrancer for all legal purposes. (b) In the case of the conveyance or encumbrance of an apartment already under construction, the share to which subsection (a) of this section applies shall be deemed acquired or encumbered, as the case may be, and the part of the apartment already constructed shall be deemed individually acquired or encumbered, the new owner or person to whom the encumbrance is made being also subrogated to the rights and interest of the grantor or encumbrancer for all legal purposes.