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Act No. 8137 — An Act to amend Title 9 Virgin Islands Code, chapter 22 (the Uniform Money Services Act), to grant to the Office of the Lieutenant Governor,

Collection
Acts & Legislation
Entity
Legislature
Date
November 2018
Type
Act
Identifiers
Act 8137, Bill 32-0310

ACTNO. $137 BILL NO. 32-0310 THIRTY-SECOND LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 201$ An Act to amend Title 9 Virgin Islands Code, chapter 22 (the Uniform Money Services Act), to grant to the Office of the Lieutenant Governor, Division of Banking, Insurance and Financial Regulation the authority to license authorized delegates, to establish requirements for alien companies seeking to conduct businesses, and for other related purposes ---0--- Be it eitacted by the Legislature ofthe Virgin Islands: SECTION 1. Title 9 Virgin Islands Code, chapter 22, subchapter I, section 502 is amended as follows: (a) by adding a new paragraph (1) to read: “(1) Alien” means a person incorporated or formed under the laws of a nation other than the United States and not subject to the jurisdiction of the United States.” (b) in paragraph (2) by striking “a person a licensee designates to provide money services on behalf of the licensee.” and inserting “a person required to be licensed under this chapter, and who is designated by a licensee to provide money services on behalf of the licensee.”; …

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