reglab/housing_qa huggingface dataset:
V.I. Code tit. 13, § 709 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 709. Directors and officers

 No individual may be a director or officer of a professional service corporation unless he is authorized by law to practice in the United States Virgin Islands a profession which such corporation is authorized to practice and is either a shareholder of such corporation or engaged in the practice of his profession in such corporation.
V.I. Code tit. 13, § 710 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 710. Disqualification of shareholders, directors, officers and employees

 If any shareholder, director, officer or employee of a professional service corporation who has been rendering professional service to the public becomes legally disqualified to practice his profession within the United States Virgin Islands, he shall sever all employment with, and financial interests (other than interests as a creditor) in, such corporation forthwith or as otherwise provided in section 711 of this chapter. All provisions of law regulating the rendering of professional services by a person elected or appointed to a public office shall be applicable to a shareholder, director, officer and employee of such corporation in the same manner and to the same extent as if fully set forth herein. Such legal disqualification to practice his profession within the United States Virgin Islands shall be deemed to constitute an irrevocable offer by the disqualified shareholder to sell his shares to the corporation, pursuant to the provisions of section 711 or of the certificate of incorporation, bylaws or agreement among the corporation and all shareholders, whichever is applicable. Compliance with the terms of such offer shall be specifically enforceable in the courts of the United States Virgin Islands. A professional service corporation's failure to enforce compliance with this provision shall constitute a ground for forfeiture of its certificate of incorporation and its dissolution.
V.I. Code tit. 13, § 711 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 711. Death or disqualification of shareholders

 (a) A professional service corporation shall purchase or redeem the shares of a shareholder in case of his death or disqualification pursuant to the provisions of section 710, within six months after the appointment of the executor or administrator or other legal representative of the estate of such deceased shareholder, or within six months after such disqualification, at the book value of such shares as of the end of the month immediately preceding the death or disqualification of the shareholder as determined from the books and records of the corporation in accordance with its regular method of accounting. The certificate of incorporation, the bylaws of the corporation or an agreement among the corporation and all shareholders may modify this section by providing for a shorter period of purchase or redemption, or an alternate method of determining the price to be paid for the shares, or both. If the corporation shall fail to purchase or redeem such shares within the required period, a successful plaintiff in an action to recover the purchase price of such shares shall also be awarded reasonable attorneys' fees and costs. Limitations on the purchase or redemption of shares set forth in section 714 shall not apply to the purchase or redemption of shares pursuant to this section. Nothing herein contained shall prevent a corporation from paying pension benefits or other deferred compensation to or on behalf of a former or deceased officer, director or employee thereof as otherwise permitted by law. The provisions of this section shall not be deemed to require the purchase of the shares of a disqualified shareholder where the period of disqualification is for less than six months, and the shareholder again becomes eligible to practice his profession within six months from the date of disqualification. (b) Notwithstanding the provisions of subdivision (a), the corporation shall not be required to purchase or redeem the shares of a deceased or disqualified shareholder if such shares, within the time limit prescribed by subdivision (a), are sold or transferred to another professional pursuant to the provisions of section 712.
V.I. Code tit. 13, § 712 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 712. Transfer of shares

 No shareholder of a professional service corporation may sell or transfer his shares in such corporation except to another individual who is eligible to have shares issued to him by such corporation or except in trust to another individual who would be eligible to receive shares if he were employed by the corporation. Nothing herein contained shall be construed to prohibit the transfer of shares by operation of law or by court decree. No transferee of shares by operation of law or court decree may vote the shares for any purpose whatsoever except with respect to corporate action under section 281 and section 283 of chapter 1 of this title. The restriction in the preceding sentence shall not apply, however, where such transferee would be eligible to have shares issued to him if he were an employee of the corporation and, if there are other shareholders, a majority of such other shareholders shall fail to redeem the shares so transferred, pursuant to section 711, within sixty days of receiving written notice of such transfer. Any sale or transfer except by operation of law or court decree or except for a corporation having one shareholder, may be made only after the same shall have been approved by the board of directors, or at a shareholders' meeting specially called for such purpose by such proportion, not less than a majority, of the outstanding shares as may be provided in the certificate of incorporation or in the bylaws of such professional service corporation. The certificate of incorporation or the bylaws of the professional service corporation, or the professional service corporation and the shareholders by private agreement, may provide, in lieu of or in addition to the foregoing provisions, for the alienation of shares and may require the redemption or purchase of such shares by such corporation at prices and in a manner specifically set forth therein. The existence of the restrictions on the sale or transfer of shares, as contained in this chapter and, if applicable, in the certificate of incorporation, bylaws, stock purchase or stock redemption agreement, shall be noted conspicuously on the face or back of every certificate for shares issued by a professional service corporation. Any sale or transfer in violation of such restrictions shall be void.
V.I. Code tit. 13, § 713 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 713. Corporate name

 (a) Notwithstanding any other provision of law, the name of a professional service corporation may contain any word which, at the time of incorporation, could be used in the name of a partnership practicing a profession which the corporation is authorized to practice, and may not contain any word which could not be used by such a partnership; provided, however, the name of a professional service corporation may not contain the name of a deceased person unless (1) such person's name was part of the corporate name at the time of such person's death; or (2) such person's name was part of the name of an existing partnership and at least two-thirds of such partnership's partners become shareholders of the corporation. (b) Such corporate name shall end with the words “Professional Corporation or Professional Limited Liability Corporation” or the abbreviation “P.C., PC, P.L.L.C. or PLLC”. The provisions of subsection (1) of subdivision (a) of section 2 of Title 13 shall not apply to a professional service corporation.
V.I. Code tit. 13, § 714 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 714. Business corporation law applicable

 Chapter 1 or chapter 15 of this title shall be applicable to a professional service corporation except to the extent that the provisions thereof conflict with this chapter. A professional service corporation may consolidate or merge only with another corporation organized under this chapter and only if all of the professions practiced by such corporations could be practiced by a single corporation organized under this chapter.
V.I. Code tit. 13, § 715 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 715. Annual statement

 Each professional service corporation shall, on or before the first day of July of each year, furnish a statement to the licensing authority listing the name and residence address of each shareholder, director and officer of such corporation and certifying that all such individuals are authorized by law in the United States Virgin Islands to practice a profession which such corporation is authorized to practice. The statement shall be signed by the president or any vice-president of the corporation and attested to by the secretary or any assistant secretary of the corporation.
V.I. Code tit. 13, § 716 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 716. Regulation of professions

 This chapter shall not repeal, modify or restrict any provision of Title 27, or chapter 27 of Title 4 regulating the professions referred to therein.
V.I. Code tit. 13, § 717 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 10 - Incorporation of Professional Occupations|§ 717. Corporate mergers and consolidations

 Notwithstanding any inconsistent provision of this chapter, a professional service corporation, pursuant to the provisions of chapter 1, subchapter IX of this title, may be merged or consolidated with another corporation formed pursuant to the provisions of this chapter or with a foreign corporation, provided that the corporation which survives or which is formed pursuant thereto is a professional corporation or a foreign professional corporation practicing the same profession or professions in the United States Virgin Islands or state of incorporation. The restrictions on the issuance, transfer or sale or shares of a professional service corporation shall not apply to any issuance, transfer or sale of shares made pursuant to a merger or consolidation, provided that, after such merger or consolidation, any professional service corporation which survives or which is created thereby shall be subject to all of the provisions of this chapter, and shares thereafter only may be held by persons who are eligible to receive shares of such professional service corporation. Nothing herein contained shall be construed as permitting the practice of a profession by a corporation which is not incorporated pursuant to the provisions of this chapter.
V.I. Code tit. 13, § 751 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 11 - Forfeiture of Certificate of Authority|§ 751. Forfeiture of charter and revocation of permit

 The Attorney General is authorized to institute a civil proceedings in the District Court to forfeit the certificate of authority of a corporation organized under the laws of the United States Virgin Islands or to revoke the certificate authorizing a foreign corporation to conduct businesses in the United States Virgin Islands when: (a) Any of the corporation officers or any other person controlling the management or operation of such corporation, with the knowledge of the president and a majority of the board of directors or under such circumstances wherein the president and a majority of the directors should have knowledge, is a person or persons engaged in activities such as organized violent revolutionary or unlawful activity aimed at the overthrow of the Government of the United States Virgin Islands (or any of its instrumentalities, boards, agencies or commissions), organized homosexuality, organized crimes against nature, organized prostitution, organized gambling, organized narcotics, organized extortion, organized embezzlement or who is connected directly or indirectly with organizations, syndicates or criminal societies engaging in such; or (b) A director, officer, employee, agent or stockholder acting for, through or on behalf of such corporation has, in conducting the corporation's affairs, purposely engaged in a persistent course of violent revolutionary or unlawful activity aimed at the overthrow of the Government of the United States Virgin Islands (its instrumentalities, agencies, boards, or commissions), organized crime, homosexuality, crimes against nature, intimidation, coercion, bribery, prostitution, gambling, extortion, embezzlement, unlawful sale of narcotics or other such illegal conduct, with the knowledge of the president and majority of the board of directors or under such circumstances wherein the president and a majority of the directors should have knowledge, with the intent to compel or induce other persons, firms or corporations to deal with such corporation or engage in any such illegal conduct; or (c) For the prevention of future illegal conduct of the same character, the public interest requires the charter of the corporation be forfeited and the corporation be dissolved or the certificate of authority be revoked.
V.I. Code tit. 13, § 752 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 11 - Forfeiture of Certificate of Authority|§ 752. Enjoining operation of a business

 The Attorney General is authorized to institute civil proceedings in the District Court of the Virgin Islands to enjoin the operation of any business other than a corporation, including a partnership, joint venture or sole proprietorship, when: (a) Any person in control of any such business, who may be a partner in a partnership, a participant in a joint venture, the owner of a sole proprietorship, an employee or agent of any such business, or a person who, in fact, exercises control over the operations of any such business, has, in conducting its business affairs, purposely engaged in a persistent course of violent, revolutionary or unlawful activity aimed at the overthrow of the Government of the United States Virgin Islands (or any of its instrumentalities, boards, agencies, or commissions), homosexuality, crimes against nature, intimidation, coercion, bribery, prostitution, gambling, extortion, embezzlement, unlawful use of narcotics or other such illegal conduct with the intent to compel or induce other persons, firms or corporations to deal with such business or engage in any such illegal conduct, and (b) That for the prevention of future illegal conduct of the same character, the public interest requires the operation of the business to be enjoined.
V.I. Code tit. 13, § 753 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 11 - Forfeiture of Certificate of Authority|§ 753. Institution and conduct of proceedings

 (1) The proceedings authorized by section 751 of this chapter may be instituted against a corporation in any district in which it is doing business. Such proceedings shall be deemed additional to any other proceedings authorized by law for the purpose of forfeiting the certificate of authority of a corporation or revoking the certificate of authority of a foreign corporation. (2) The proceedings authorized by section 752 of this chapter may be instituted against a business other than a corporation in any district in which it is doing business.
V.I. Code tit. 13, § 771 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 771. Applicability of benefits

 The benefits granted under this chapter: (1) apply only to an VIFSC incorporated in the United States Virgin Islands; (2) do not apply to an VIFSC or its shareholders if more than five percent (5%) of the VIFSC's gross income during the taxable year is derived from sales or services in the United States Virgin Islands; provided, that this paragraph shall not be construed to disqualify an VIFSC for the performance of services provided by or on behalf of an VIFSC earning sales commissions from sales that generate non-Virgin Islands trading gross receipts; (3) do not apply to any Business Management or Consulting Firm for a Virgin Islands Foreign Sales Corporation described in Title 27, section 302(a), Virgin Islands Code.
V.I. Code tit. 13, § 772 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 772. Election of a corporation to be a VIFSC

 (a) A corporation shall elect to be a VIFSC, if it is created under the laws of the United States Virgin Islands and it declares, or is deemed to have declared, its intent to elect to become a VIFSC in the manner described in section 431(a)(1) of this title. (b) A corporation that is in good standing as of the effective date of this section, and which, as of the day prior to such effective date, was a foreign sales corporation, as defined in section 770 of this chapter as in effect as of that day may elect to be treated as a VIFSC if, prior to, or within twelve months of such effective date, it amends it articles of incorporation to conform with section 431(a)(1) of this title, as amended, or otherwise files a document with the Lieutenant Governor evidencing its intent to be treated as a VIFSC. Such election, if timely filed after such effective date, will be deemed to be effective as of such effective date.
V.I. Code tit. 13, § 773 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 773. Exemption of VIFSCs from income taxes

 An FSC shall be exempt from the payment of income tax under the Internal Revenue Code (as it applies to the United States Virgin Islands) on: (a) foreign trade income; (b) net investment income and carrying charges; and (c) foreign trade related income.
V.I. Code tit. 13, § 774 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 774. Exemption of VIFSCs from gross receipts taxes

 An FSC shall be exempt from the tax imposed under Title 33, section 43, Virgin Islands Code, with respect to non-Virgin Islands trading gross receipts and foreign trade related income.
V.I. Code tit. 13, § 775 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 775. Exemption of VIFSCs from excise taxes

 An VIFSC shall be exempt from the tax imposed under Title 33, section 42, Virgin Islands Code, on non-Virgin Islands export property imported into the United States Virgin Islands for reexport by the VIFSC in the ordinary course of its trade or business.
V.I. Code tit. 13, § 776 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 776. Exemption of VIFSCs from customs duties

 (a) Non-Virgin Islands export property imported into the United States Virgin Islands for reexport by an VIFSC shall be free of customs duties. (b) The Director shall, within ten (10) days of a written request of an eligible VIFSC to do so, provide the United States Customs Service with a certification that such VIFSC is eligible for the benefits of this section. Should an VIFSC (or former VIFSC) which has been so certified become no longer eligible for such benefits, the Director shall immediately so certify to the United States Customs Service.
V.I. Code tit. 13, § 777 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 777. Exemption of certain shareholders of an VIFSC from certain taxes

 (a) No tax shall be imposed under sections 871(a)(1) and 881 of the Internal Revenue Code upon citizens and residents of the United States and upon corporations organized in the United States with respect to payments received from sources within the United States Virgin Islands derived from the foreign trade income, investment income and carrying charges, or foreign trade related income of an VIFSC, of which such citizen, resident or corporation is a shareholder. However, the exemption from tax under this section shall apply to payments made by a former VIFSC only to the extent such payment is made with respect to expenses paid or accrued from foreign trade income or foreign trade related income earned by the former VIFSC during taxable years in which it was an VIFSC. (b) For the purposes of this section, distributions shall he deemed to first be made from foreign trade income and foreign trade related income earned by an VIFSC, or by a former VIFSC in a taxable year during which the former VIFSC was an VIFSC.
V.I. Code tit. 13, § 778 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 778. Exemption of VIFSCs from certain withholding taxes

 An VIFSC shall be exempt from the requirements of sections 1441 and 1442 of the Internal Revenue Code (as it applies in the United States Virgin Islands) to withhold the tax imposed by sections 871(a)(1) and 881 of the Internal Revenue Code (as it applies in the United States Virgin Islands) with respect to payments exempt from tax under section 777 of this chapter.
V.I. Code tit. 13, § 781 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 12 - Virgin Islands Foreign Sales Corporation|§ 781. Rules

 The Director shall promulgate rules as are necessary for the implementation of this chapter. However, prior to their submission to the Governor under Title 3, chapter 35, Virgin Islands Code, such rules shall be submitted to the Commissioner of Commerce for his recommendations.
V.I. Code tit. 13, § 801 (2019)
2019 US Virgin Islands Code|Title 13 - Corporations and Associations|Chapter 13 - Economic Development Corporations|§ 801. Definitions

 As used in this chapter, the following words and phrases, unless differently defined or described, shall have the meanings and references as follows: (1) “Corporation” means a United States Virgin Islands economic development corporation created under this chapter. (2) “Financial institution” means any banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds. (3) “Member” means any financial institution authorized to do business within the United States Virgin Islands which shall undertake to lend money to a corporation created under this chapter, upon its call, and in accordance with the provisions of this chapter. (4) “Board of directors” means the board of directors of the corporation created under this chapter. (5) “Loan limit” means for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this chapter.